DYNAMIC INVENTORY MODELS: AN ILLUSTRATIVE CASE STUDY

作者:Adendorff K; Kruger P S*
来源:South African Journal of Industrial Engineering, 2014, 25(3): 1-8.
DOI:10.7166/25-3-735

摘要

The study revisits the subject matter of inventory control, a continual part of the activities of wide-ranging organisations internationally. The mathematical model is presented of a particular situation that deals with the regular acquisition of a material required for a production process in a volatile environment of varying demand and fluctuating price. The usual process dynamics are demonstrated against a background of diverse choices of probability density function. The model makes use of Normal and Weibull distributions.

  • 出版日期2014-11

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