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Order Management System Proposal Using Inventory Balance Equation with Non-continuous Replenishment
(Budapest University of Technology and Economics, 2017-07-03)
The 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, ...
Functions of several variables analysis applied in inventory management
This paper introduces a newly constructed model which enables a retailer to set an optimal price of goods under permissible delay in payments, and to determine the maximum term of payment. The model is based on the assumption ...
The Application of Functions of Several Variables Analysis in an Optimal Replenishment Policy for Deteriorating Items
In this study we introduce a newly constructed suitable model which enables a retailer to set an optimal price of deteriorating goods under permissible delay in payments, and to determine the maximum repayment term.
Numerical Solution of the Inventory Balance Delay Differential Equation
Inventory represents an essential part of current assets, which are typically characterized by their transience. This paper aims to outline a numerical solution of the inventory balance equation supplemented by an order-up-to ...