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Multivariable Stock Management Model Applied to a Newly Established Nut Tree Processing Factory

Author

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  • Maria Tokusheva

    (University of Economics - Varna)

Abstract

Model for the management of multivariable stocks for the purposes of a newly-created nut-processing plant for the normal and continuous running of the production and business activity of the enterprise, the proper planning of the necessary volume of stock-inventories is especially influential. In practice, there are frequent situations where there are limitations on the amount of inventory available for a particular reason. In this report, the management model for multivariable stocks is adapted to the activity of a nut tree processing plant whose activity the quantity of raw materials supplied must be within certain limits. This imposes an additional limitation on minimum and maximum allowable volumes of deliveries.

Suggested Citation

  • Maria Tokusheva, 2018. "Multivariable Stock Management Model Applied to a Newly Established Nut Tree Processing Factory," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 7(3), pages 168-174, December.
  • Handle: RePEc:vra:journl:v:7:y:2018:i:3:p:168-174
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    File URL: http://www.su-varna.org/izdanij/2018/EconomicSciencesSeries_2018_3/168-174.pdf
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    More about this item

    Keywords

    stocks; optimization; multivariable stocks;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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