Publication detail
Numerical Solution of the Inventory Balance Delay Differential Equation
NOVOTNÁ, V.
Original Title
Numerical Solution of the Inventory Balance Delay Differential Equation
Type
journal article in Web of Science
Language
English
Original 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-up-to 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.
Keywords
inventory management, differential equations with delay, modelling
Authors
NOVOTNÁ, V.
RIV year
2015
Released
24. 2. 2015
Publisher
InTech
Location
Rijeka, Croatia
ISBN
1847-9790
Periodical
International Journal of Engineering Business Management
Year of study
2015
Number
7
State
Republic of Croatia
Pages from
1
Pages to
9
Pages count
9
URL
Full text in the Digital Library
BibTex
@article{BUT113071,
author="Veronika {Novotná}",
title="Numerical Solution of the Inventory Balance Delay Differential Equation",
journal="International Journal of Engineering Business Management",
year="2015",
volume="2015",
number="7",
pages="1--9",
doi="10.5772/60113",
issn="1847-9790",
url="https://doi.org/10.5772/60113"
}