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The Stocks Optimization For A Random Discrete Consumption, With Several Stochastic Models
CAR2011/CAR2011-1166

Authors

Gheorghe Ciolan* - Transilvania University of Brasov, Romania
Kirstein, Frank - TUEV SUED Auto Consult GmbH, Germany
Ion Preda - Transilvania University of Brasov, Romania
Petru Petre - Transilvania University of Brasov, Romania

Abstract

The paper presents a modality to determine the optimal level of the reserve stock for which the costs are minimal. It is analyzed the case of reserve stock forming in the situation of a consumer’s product demand that is a discrete random quantity. During the operation of the stock, the probability distribution function for the demand it is assumed to be known.

Keywords: Logistics, Stock Management, Mathematical Model, Optimization

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