Open AccessAn inventory model with random demand
Author(s) -
A. A. Mitsel,
O. L. Kritski,
L.G. Stavchuk
Publication year - 2017
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/803/1/012099
Subject(s) - scope (computer science) , product (mathematics) , computer science , feature (linguistics) , operations research , industrial engineering , engineering , mathematics , programming language , linguistics , philosophy , geometry
The article describes a three-product inventory model with random demand at equal frequencies of delivery. A feature of this model is that the additional purchase of resources required is carried out within the scope of their deficit. This fact allows reducing their storage costs. A simulation based on the data on arrival of raw and materials at an enterprise in Kazakhstan has been prepared. The proposed model is shown to enable savings up to 40.8% of working capital