The influence of the order prepayment on inventory optimisation
Modification of the inventory management EOQ-model factoring in the temporary value of money (TVM) and an advance payment of the order on the basis of the credit is given in this article. Its purpose is to present for the managers an appropriate modification of the EOQ-formulas for such models (both for deliveries of one nomenclature of goods, and for multinomenclature deliveries). Usage of these modifications will allow to increase the efficiency of deliveries by taking into account the specificity of appropriate cash flows, if optimisation takes into account TVM (by the scheme of simple interest). Accepted that all payments are being realised from the revenue of the previous delivery. The necessary and sufficient condition for a possibility of such payments is established. The interest rate for factoring in the TVM reflects profitability of working capital of the modelled supply chain. It is defined in a format of the model. It is noted that the optimisation of the models of this type relate with the synergetic effect of increasing the profitability of working capital.
The article presents the derived formulas for calculating the parameters of the EOQ model that takes into account simultaneous multi-product supplies and differential discounts as well as the developed algorithm for calculating the parameters of this model.
The book focuses on the original classification of models and methods applied in logistics; analyses and summarizes approaches used in procurement, production and distribution logistics; provides either improved or newly developed models and methods solutions: intermediaries choice, ABC-XYZ analysis, EOQ, multi-item and multicomponent deliveries, determines working and safety stock as well as models and algorithms of transport and warehousing logistics. etc.
It is developed and presented an approach to inventory management EOQ-model optimization in this paper taking into the deferrals provided for the order cost payments. They summarize the results for the traditional EOQ-models taking into account the deferrals of payments which relate to payment of the batch of goods, with the payment of storage costs, and of the delivery costs payment. Presented modifications of EOQ-formulas will allow for managers to while considering the above features also to take into account he specificity costs of storage charging, in the form of rent, and for the used place on stock, to improve the decisions on the organization of the supply chain quality.
The article presents a special modification of the EOQ-formula for a diversified EOQ-model of inventory management with account to specifics of lot deliveries. It will allow managers to determine the optimal parameters of the inventory management strategy if it is required to take into account the following features: 1) the possibility of order payment deferral; 2) time value of money at cashflow modelling 3) incomes specifics, when the proceeds come with a delay 4) specificity of storage costs payment (in form of rent or by the occupied storage space). In addition, the article specifies some options related to the possibility of using such a formula if it is necessary to additionally take into account: a) the restriction on the allowable length of the delay in payment of goods, so that the point of receipt of the proceeds did not exceed the corresponding reorder interval duration (on average); b) the vehicle capacity. The presented research materials on optimization of supplies will allow managers to estimate the effect of permissible delays in order payments, delays in receipt of proceeds, and the factor of vehicle capacity on the parameters of the optimal strategy of inventory management. The procedures of EOQ formula modification for inventory management systems are performed in relation to interesting and business-relevant models of this type that correspond to efficient deliveries, where these delays allow to make order payments from revenue at reordering intervals.
The sections of the discipline "Economic and mathematical methods and models in logistics" are presented, related to procedures for optimizing supply chains on the basis of methods of mathematical theory of inventory management, methods and models of graph theory, methods for solving the transport problem, methods for optimizing flows in networks, optimizing network project schedules. The foundations of the method of simulation are given.
The article presents a model of optimization of inventory control strategy in terms of risk in the supply chain enterprises meat industry. On study the approach to the transformation of the model under conditions of uncertainty in the model of risk management by using the method of decision tree. Based on the method of decision tree for the corresponding model in terms of risk determine the optimal strategy, which provides a different attitude to risk.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.