A Model of Stock Management of a Vertically Integrated Structure on the Example of the Agricultural Enterprise
The article presents a model of stock management of vertically integrated enterprise of holding type consisting of two links of the technological chain. When building the model the cost functions were used and general approaches to their building described. The criterion of searching for optimal...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
PH "INZHEK"
2016-02-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2016-1_0-pages-190_195.pdf |
| Summary: | The article presents a model of stock management of vertically integrated
enterprise of holding type consisting of two links of the technological chain.
When building the model the cost functions were used and general approaches
to their building described. The criterion of searching for optimal
strategies of the functioning of the holding stock management system is
minimization of aggregate costs. It has been proved that under fairly general
conditions, the obtained solutions are optimal for the holding as a whole.
The algorithm built in the work is illustrated on the example of a particular
enterprise. On the basis of statistical data for three years the cost function
has been built and the nature of demand for the holding products analyzed
and investigated and a statistical forecast of its likely value in the forecast
period carried out. A mathematical model of the enterprise’s stock management
has been built and the optimal strategy for the functioning of the stock
system found. The obtained optimal solutions determine the overall stock
level for the enterprise of holding type as a whole and the stock share for
each production individually |
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| ISSN: | 2222-0712 2311-1186 |