Asymptotic Methods in Optimization of Inventory Business Processes
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Date
2019
Authors
Horoshkova, Lidiіa
Khlobystov, Yevgen
Volkov, Volodymyr
Holovan, Olha
Markova, Svitlana
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The use of inventory management models
enables the management of the company to optimize logistics
business processes and to reduce fixed and variable costs of
production, order and sales. The study proposes a multi-
nomenclature model for optimizing inventory business
processes using asymptotic methods. An easy-to-use analytical
formula for determining optimal order interval, when order
and inventory holding costs meet insufficient cyclical changes,
is obtained. Testing of the developed model of optimization of
inventory business processes was carried out on the example of
the enterprise operating in the HoReCa segment of
Zaporizhzhia the regional market. The proposed multi-
nomenclature inventory management model enables the
company management to apply situational management of
these processes, modeling the changes caused by increased
product storage costs and order fulfillment.
Description
Keywords
logistic model, small parameter, asymptotic methods, total logistical costs, multi- nomenclature order, article
Citation
Asymptotic Methods in Optimization of Inventory Business Processes [electronic resource] / Lidiіa Horoshkova, Ievgen Khlobystov, Volodymyr Volkov, Olha Holovan, Svitlana Markova // Advances in Economics, Business and Management Research. - 2019. - Vol. 99. - P. 58-62.