Open AccessStudy of Losses in the Production Line of a Large Footwear Company
Author(s) -
Marcelo Sampaio de Alencar
Publication year - 2020
Publication title -
revista de economia
Language(s) - English
Resource type - Journals
eISSN - 2316-9397
pISSN - 0556-5782
DOI - 10.5380/re.v41i75.68311
Subject(s) - production (economics) , probabilistic logic , identification (biology) , production line , computer science , operations research , business , engineering , industrial engineering , economics , marketing , artificial intelligence , microeconomics , botany , biology
The article analyzes the production loss, also referred to as reject, in the largest footwear producer of the World, the Alpargatas company. The article presents a discussion of the probabilistic modelling, the development of a stochastic model, that uses It\^{o} stochastic integration, based on temporal series provided by the company, and the identification of eventual solutions to the loss of production.