MATHEMATICAL DESCRIPTION OF THEORETICAL METHODS OF RESERVE ECONOMY OF CONSIGNMENT STORES N

Péter Telek (), József Cselényi and György Demeter
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Péter Telek: University of Miskolc
József Cselényi: University of Miskolc
György Demeter: University of Miskolc

Advanced Logistic systems, 2007, vol. 1, issue 1, 113-122

Abstract: Optimization of the operation of a consignment store in generally is not an easy task. The main problem is the stochastic characterization of the consumption of the products which makes the using of deterministic methods impossible. In our research project we developed a theoretical method which uses historic data of a previous term to determine the optimal values for the parameters of the consignment storing process. Main advantage of the researched method is to give possibility for the designers and operators of the consignment storing process to find (or at least approach) the optimal parameter values which is very difficult by any other way. The new method helps to determine the parameters of the storing process previously as there can be seen in an example.

Keywords: Logistics; stocking; supplying; consignment store (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pcz:alspcz:v:1:y:2007:i:1:p:113-122

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