Proceedings of the 2015 International Conference on Modeling, Simulation and Applied Mathematics

An Optimization Model for Inventory System based on Supply-demand Balance

Authors
Qingsong Jiang, Wei Xing
Corresponding Author
Qingsong Jiang
Available Online August 2015.
DOI
https://doi.org/10.2991/msam-15.2015.37How to use a DOI?
Keywords
supply-demand balance; inventory system; optimization model
Abstract
In order to investigate the inventory optimization of circulation enterprises, demand analysis was carried out firstly considering supply-demand balance. Then it was assumed that the demand process complied with mutually independent compound Poisson process. Based on this assumption, an optimization model for inventory control of circulation enterprises was established with the goal of minimizing the average total costs in unit time of inventory system. The research results have certain practical significance to the optimal management of the inventory system.
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Proceedings
2015 International Conference on Modeling, Simulation and Applied Mathematics
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2015
ISBN
978-94-6252-104-9
ISSN
1951-6851
DOI
https://doi.org/10.2991/msam-15.2015.37How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Qingsong Jiang
AU  - Wei Xing
PY  - 2015/08
DA  - 2015/08
TI  - An Optimization Model for Inventory System based on Supply-demand Balance
BT  - 2015 International Conference on Modeling, Simulation and Applied Mathematics
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/msam-15.2015.37
DO  - https://doi.org/10.2991/msam-15.2015.37
ID  - Jiang2015/08
ER  -