Volume 12
Issue 4
Economics
JOURNAL OF
POLISH
AGRICULTURAL
UNIVERSITIES
Available Online: http://www.ejpau.media.pl/volume12/issue4/abs-09.html
SOME ASPECTS OF CONTROLLING THE STOCK OF INPUTS IN THE CONTEXT OF EFFECTIVE USE OF FIRM’S
Sławomir Juszczyk1, Maria Tymińska2
1 Department of Economics and Enterprise Organization
Warsaw University of Life Sciences, Poland
2 Unit of Management, Jan Kochanowski University of Kielce,
Branch in Piotrków Trybunalski, Poland
ABSTRACT
This article deals with the subject of optimizing the streams of input deliveries when rational, regular, cyclical deliveries syn-chronized with production needs are required. It examines the costs of storage as well as the costs of production stoppages asso-ciated with a depleted stock of inputs. The subject matter is discussed in terms of cybernetic modelling for optimal control that ultimately provides the basic parameters for the level of the safety stock and the cycle of deliveries. The optimization criterion is a function minimizing the total costs of storage and of production coming to a halt because of depleted stock of inputs.
Key words: production demands, controlling the stock of inputs, delivery model.
Sławomir Juszczyk
Department of Economics and Enterprise Organization
Warsaw University of Life Sciences, Poland
Nowoursynowska 166, 02-787 Warsaw, Poland
Maria Tymińska
Unit of Management, Jan Kochanowski University of Kielce,
Branch in Piotrków Trybunalski, Poland
Responses to this article, comments are invited and should be submitted within three months of the publication of the article. If accepted for publication, they will be published in the chapter headed 'Discussions' and hyperlinked to the article.