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Optimization of raw materials supplies at industrial enterprise under the condition of noncomplete information
Journal: Economics Bulletin of The National Mining University (Vol.44, No. 44)Publication Date: 2013-11-03
Authors : Timoshenko L. V.; Us S. A.;
Page : 147-153
Keywords : production plant; material costs; demand for raw materials; incomplete information; inventory management; the optimal size of raw material; the method of interval analysis;
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Abstract
The opportunity of introducing modern approaches to inventory management of material resources based on mathematical methods is considered. Practical recommendations on using methods of interval analysis for determination the optimum characteristics of inventory management of raw materials are theoretically grounded and proposed under conditions of incomplete information about the demand at a production plant.
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