Order Management System Proposal Using Inventory Balance Equation with Non-continuous Replenishment

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dc.contributor.authorNovotná, Veronikacs
dc.contributor.authorŠustrová, Terezacs
dc.coverage.issue2cs
dc.date.issued2017-07-03cs
dc.description.abstractThe purpose of this paper is to present an inventory balance model including an order-up-to replenishment policy with partial backlogging. Pictured in the model is a situation, where goods are not replenished continuously, but only at predetermined intervals. The model is described by ordinary differential equations with delayed argument because of the assumption of a time lag between ordering and delivery. A computer simulation which helps to demonstrate and verify model behaviour is utilized for the numerical solution of the model. Sales data of a real company are used as the input data. Due to the comparison of the designed model outputs against the real state in the company, it was verified that it is possible to achieve a substantial reduction in warehousing costs without a disproportionate increase in the risk of inventory shortage. The authors note that modern methods of functional analysis can be successfully applied in solving an inventory balance model.en
dc.formattextcs
dc.format.extent1-9cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationPeriodica Polytechnica, Social and Management Sciences. 2017, issue 2, p. 1-9.en
dc.identifier.doi10.3311/PPso.9017cs
dc.identifier.issn1416-3837cs
dc.identifier.orcid0000-0001-9360-3035cs
dc.identifier.other138055cs
dc.identifier.scopus55546358800cs
dc.identifier.urihttp://hdl.handle.net/11012/84204
dc.language.isoencs
dc.publisherBudapest University of Technology and Economicscs
dc.relation.ispartofPeriodica Polytechnica, Social and Management Sciencescs
dc.relation.urihttps://pp.bme.hu/so/article/view/9017cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1416-3837/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectinventory balance equationen
dc.subjectinventory managementen
dc.subjectdelay differential equationen
dc.subjectcomputer simulationen
dc.titleOrder Management System Proposal Using Inventory Balance Equation with Non-continuous Replenishmenten
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-138055en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:33en
sync.item.modts2025.01.17 18:46:48en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav informatikycs
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