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Mathematical Description Of Theoretical Methods Of Reserve Economy Of Consignment Stores N

Author

Listed:
  • Péter Telek

    (University of Miskolc)

  • József Cselényi

    (University of Miskolc)

  • György Demeter

    (University of Miskolc)

Abstract

Optimization of the operation of a consignment store in generally is not an easy task. The main problem is the stochastic characterization of the consumption of the products which makes the using of deterministic methods impossible. In our research project we developed a theoretical method which uses historic data of a previous term to determine the optimal values for the parameters of the consignment storing process. Main advantage of the researched method is to give possibility for the designers and operators of the consignment storing process to find (or at least approach) the optimal parameter values which is very difficult by any other way. The new method helps to determine the parameters of the storing process previously as there can be seen in an example.

Suggested Citation

  • Péter Telek & József Cselényi & György Demeter, 2007. "Mathematical Description Of Theoretical Methods Of Reserve Economy Of Consignment Stores N," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 1(1), pages 113-122, December.
    • Handle: RePEc:pcz:journl:v:1:y:2007:i:1:p:113-122
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