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

https://doi.org/10.5772/60113

Full text in the Digital Library

http://hdl.handle.net/11012/84206

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"
}