MATEC Web Conf.
Volume 126, 2017Annual Session of Scientific Papers IMT ORADEA 2017
|Number of page(s)||4|
|Section||Road Vehicles And Transportation Engineering|
|Published online||09 October 2017|
Stochastic optimization model for random demand stocks, with storage expenses accounting
Transilvania University of Brasov, Brasov, Romania
* Corresponding author: firstname.lastname@example.org
The paper presents a possible stock level optimization method, based on a stochastic model. The consume demand for the stored product is considered a discrete random quantity. It was adopted the hypothesis that the repartition law of the demand probability is known for the time interval of stock existence (operation). The main aim of the optimization procedure is to minimize the total expenses (costs) involved by the existence or lack of the reserve stock. For a better understanding of the proposed algorithm, a calculation example is presented.
© The authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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