Work detail

Inventory Control Problem with Random Demand

Author: Bc. Tadeáš Kopecký
Year: 2014 - summer
Leaders: RNDr. Michal Červinka Ph.D.
Consultants:
Work type: Bachelors
Language: English
Pages: 67
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/136914/
Abstract: The inventory theory is important for certain kinds of business. Using the
models from the inventory theory, we can eectively lower the costs associated
with ordering and storing the goods. In this thesis, we describe the
basic algorithms and models that are used to determine the optimal inventory
policy. We also present several dierent methods used for the demand
forecast. Finally, we use these algorithms and methods with the real data
to show the possible way to propose the best inventory policy.
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