Publication result detail

Advanced Methods of Mathematical Modelling and Their Use in the Inventory Management Model

OLEŠOVSKÝ, V.

Original Title

Advanced Methods of Mathematical Modelling and Their Use in the Inventory Management Model

English Title

Advanced Methods of Mathematical Modelling and Their Use in the Inventory Management Model

Type

Peer-reviewed article not indexed in WoS or Scopus

Original Abstract

The traditional descriptions of economic models use ordinary differential equations (ODE), but when admitting the argument delay in a given model it is necessary to realize description using functional differential equations. It turns out the solution of such a model is closer to reality. It provides demonstration of using differential equations with delayed argument to solve economic problems by means of the efficient use of the inventory and production model.

English abstract

The traditional descriptions of economic models use ordinary differential equations (ODE), but when admitting the argument delay in a given model it is necessary to realize description using functional differential equations. It turns out the solution of such a model is closer to reality. It provides demonstration of using differential equations with delayed argument to solve economic problems by means of the efficient use of the inventory and production model.

Keywords

Mathematical modelling, differential equations with delayed argument, business management, inventory, production

Key words in English

Mathematical modelling, differential equations with delayed argument, business management, inventory, production

Authors

OLEŠOVSKÝ, V.

Released

19.02.2016

Publisher

IBIMA Publishing

Location

New York

ISBN

2169-0367

Periodical

Journal of Eastern Europe Research in Business & Economics

Volume

2016

Number

1

State

United States of America

Pages from

1

Pages to

8

Pages count

8

URL

http://ibimapublishing.com/articles/JEERBE/2016/296189/

Full text in the Digital Library

http://hdl.handle.net/11012/204293

BibTex

@article{BUT129390,
  author="Václav {Olešovský}",
  title="Advanced Methods of Mathematical Modelling and Their Use in the Inventory Management Model",
  journal="Journal of Eastern Europe Research in Business & Economics",
  year="2016",
  volume="2016",
  number="1",
  pages="1--8",
  doi="10.5171/2016.296189",
  issn="2169-0367",
  url="http://ibimapublishing.com/articles/JEERBE/2016/296189/"
}

Documents

296189