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Author Novotná, Veronika
Source Directory of Open Access Journals (DOAJ)
Content type Text
Publisher SAGE Publishing
File Format HTM / HTML
Date Created 2016-05-13
Copyright Year ©2015
Language English
Subject Domain (in LCC) HD28-70 ♦ HD45-45.2
Subject Keyword Industrial management ♦ Automation ♦ Land use ♦ Technological innovations ♦ Management ♦ Social Sciences ♦ Industries ♦ Differential equations with delay ♦ Inventory management ♦ Modelling ♦ Labor
Abstract Inventory represents an essential part of current assets, which are typically characterized by their transience. This paper aims to outline a numerical solution of the inventory balance equation supplemented by an order-upto replenishment policy for a case in which the problem is described by a differential equation with delayed argument. The results are demonstrated on a specific example and the behaviour of the model is presented using a computer simulation. The results are graphically shown in the Maple system. The solution makes use of the theory of functional differential equations, especially the part dealing with differential equations with delayed arguments.
ISSN 18479790
Age Range 18 to 22 years ♦ above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article
Publisher Date 2015-02-01
e-ISSN 18479790
Journal International Journal of Engineering Business Management
Volume Number 7
Starting Page 7


Source: Directory of Open Access Journals (DOAJ)