Simulation Model of Flour Inventory in Bakery Production (CROSBI ID 539215)
Prilog sa skupa u zborniku | sažetak izlaganja sa skupa | međunarodna recenzija
Podaci o odgovornosti
Dukić, Darko
engleski
Simulation Model of Flour Inventory in Bakery Production
In order to achieve a smooth production flow in a bakery plant it is necessary to establish and maintain optimal inventory levels of different raw materials. Because of their importance in production, specific way of storage and the size of required storage space, different kinds and types of flour have to be given particular attention. Purchasing excessive quantities of this raw material provides certain security in operations, however, in this way a company's funds are tied up in the inventory ; warehousing costs are increasing, as well as the possibility of spoilage. In contrast, insufficient inventory may cause a production halt and an increase of opportunity costs. A number of models have been developed to overcome such problems and improve decision-making in the area of stock management. This paper presents a flour inventory model with simulated demand, whose values are computer-generated from the normal distribution. The necessary parameters are calculated on the basis of empirical data. In the proposed model, for each simulated demand level an optimum order quantity is determined, as well as the pertinent total inventory costs. The frequency distributions obtained in this way are used to establish appropriate confidence intervals, which are the basis for determining optimal flour inventories.
simulation model ; flour inventory ; computer-generated random numbers ; normal distribution ; optimum order quantity
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Podaci o prilogu
78-78.
2007.
objavljeno
Podaci o matičnoj publikaciji
Abstract Book of the 4th International Congress "Flour-Bread '07"
Ugarčić-Hardi, Žaneta
Osijek: Prehrambeno-biotehnološki fakultet Sveučilišta u Zagrebu
978-953-7005-13-9
Podaci o skupu
4th International Congress "Flour-Bread '07"
predavanje
24.10.2007-27.10.2007
Opatija, Hrvatska