An inventory model with random demand

A. A. Mitsel, O. L. Kritski, L. G. Stavchuk

Research output: Contribution to journalConference articlepeer-review

2 Citations (Scopus)

Abstract

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.

Original languageEnglish
Article number012099
JournalJournal of Physics: Conference Series
Volume803
Issue number1
DOIs
Publication statusPublished - 2017
EventInternational Conference on Information Technologies in Business and Industry 2016 - Tomsk, Russian Federation
Duration: 21 Sep 201623 Sep 2016

ASJC Scopus subject areas

  • Physics and Astronomy(all)

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