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Economic issue of material reserves management taking into account probabilistic model

cris.lastimport.scopus2024-09-19T01:31:27Z
dc.abstract.enRunning a business effectively requires ensuring continuity and regularity of the activity. For this purpose, it is important to effectively and rationally manage inventories and maintain them at various levels of optimality. Therefore, it is important in the company. Production inventories are divided into material inventories located in basic and auxiliary materials warehouses and cooperative elements warehouses, work-in-progress inventories and final inventories. The use of a probabilistic model enables a rational approach to the problem of inventory management, especially in conditions of variability and cyclical production
dc.affiliationAdministracji i Nauk Społecznych
dc.contributor.authorArtur Dmowski
dc.contributor.authorTomasz Wołowiec
dc.contributor.authorJan Laskowski
dc.contributor.authorAgnieszka Laskowska
dc.date.accessioned2024-04-09T07:25:24Z
dc.date.available2024-04-09T07:25:24Z
dc.date.issued2023
dc.description.abstract<jats:sec><jats:title>Objectives</jats:title><jats:p>Running a business effectively requires ensuring continuity and regularity of the activity. For this purpose, it is important to effectively and rationally manage inventories and maintain them at various levels of optimality.</jats:p></jats:sec><jats:sec><jats:title>Material and methods</jats:title><jats:p>In the paper a design of the probabilistic model of reserves is discussed. The objective was an elaboration of the optimal strategy of materials reserves management in the series manufacturing.</jats:p></jats:sec><jats:sec><jats:title>Results</jats:title><jats:p>The model has been verified at an attainable scale using the numerical data concerning different assortment of materials in the serial production of furniture. The proposed probabilistic model makes it possible to elaborate the optimal strategy of type R, Z in the management of reserves of based materials of the manufacturing company with large-lot production. The strategy is based on minimal expenses connected with a supply of materials.</jats:p></jats:sec><jats:sec><jats:title>Conclusions</jats:title><jats:p>For each company to provide good quality services, it is necessary for individual, cooperating enterprises to function efficiently. The so-called "supply chain" is a specific sequence of activities enabling the satisfaction of market demand for a given product. The supply chain consists of companies and plants that are involved in supplying raw materials, processing them into semi-finished products and, ultimately, creating a finished product. The simplest supply chain consists of a company, suppliers and customers. However, it is good to know that many more companies are involved in most production processes, including transport, logistics, finance and IT.</jats:p></jats:sec>
dc.identifier.doi10.13166/jms/176382
dc.identifier.issn1734-2031
dc.identifier.issn2391-789X
dc.identifier.urihttps://repo.akademiawsei.eu/handle/item/160
dc.languageen
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofJournal of Modern Science
dc.rightsCC-BY-SA
dc.subject.enmodeling
dc.subject.enprobabilistic model
dc.subject.enmaterial reserves
dc.subject.enmanagement
dc.subject.enstrategy
dc.titleEconomic issue of material reserves management taking into account probabilistic model
dc.typeReviewArticle
dspace.entity.typePublication
oaire.citation.issue5
oaire.citation.volume54