SOME ASPECTS OF CONTROLLING THE STOCK OF INPUTS IN THE CONTEXT OF EFFECTIVE USE OF FIRM’S CAPITAL
Journal Title: ELECTRONIC JOURNAL OF POLISH AGRICULTURAL UNIVERSITIES - Year 2009, Vol 12, Issue 4
Abstract
This article deals with the subject of optimizing the streams of input deliveries when rational, regular, cyclical deliveries syn-chronized with production needs are required. It examines the costs of storage as well as the costs of production stoppages asso-ciated with a depleted stock of inputs. The subject matter isdiscussed in terms of cybernetic modelling for optimal control that ultimately provides the basic parameters for the level of the safety stock and the cycle of deliveries. The optimization criterion isa function minimizing the total costs of storage and of production coming to a halt because of depleted stock of inputs.
Authors and Affiliations
S ł awomir Juszczyk, Maria Tymińska
Keywords
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