ASPECTS REGARDING MATHEMATICAL MODELS FOT DETERMING THE LINK BETWEEN PRODUCTION, STOCK MANAGEMENT AND LEAD TIME
Emilia Maria Campean,
Liviu Morar and
Revista Economica, 2012, vol. Supplement, issue 2, 21-28
Organisations are continuously in search of solutions to manage the supply chain successfully, aiming to obtain competitive advantages. The paper presents a mathematical model, which uses three functions (lead time function, stock function and production function) as input data, to determine the so called” equilibrium point”. This point represents the balance between the three functions and creates one of the competitive advantages.
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