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Evaluation of Stock Management Strategies Reliability at Dependent Demand Cover

Evaluation of Stock Management Strategies Reliability at Dependent Demand

Open Access
|Feb 2017

Abstract

For efficiently increasing the logistic systems, the core specialists’ attention has to be directed to reducing costs and increasing supply chains reliability. A decent attention to costs reduction has already been paid, so it can be stated that in this way there is a significant progress. But the problem of reliability evaluation is still insufficiently explored, particularly, in such an important sphere as inventory management at the dependent demand.

In the article there is a suggested methodical approach that allows calculating the safety stock quantity at the dependent demand in view of supply chains reliability requirements; the variants for different inventory management strategies at the dependent demand are examined; optimal strategy choice algorithm and results of total costs calculation in view of the reliability are given.

DOI: https://doi.org/10.1515/ttj-2017-0006 | Journal eISSN: 1407-6179 | Journal ISSN: 1407-6160
Language: English
Page range: 60 - 69
Published on: Feb 25, 2017
Published by: Transport and Telecommunication Institute
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2017 Valery Lukinskiy, Vladislav Lukinskiy, published by Transport and Telecommunication Institute
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.