Decision Making Model on Bakery Product Range Based on Stochastic Sum-of-Ratios Fractional Programming (CROSBI ID 566072)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Dukić, Gordana ; Sesar, Ivana ; Rob, Krunoslav
engleski
Decision Making Model on Bakery Product Range Based on Stochastic Sum-of-Ratios Fractional Programming
One of the basic prerequisites for a bakery to operate in an efficient and effective way is to properly determine the type and quantity of products to be produced. Insufficient quantities result in decreased income, whereas excessive production increases the costs, because bakery products have very short shelf life. Any bakery owner (manager) strives to determine the assortment to be marketed in order to get optimum results, i.e. to achieve maximum cost-effectiveness. In the stated circumstances, different quantitative models can be applied as decision making support. Stochastic models must be used in situations when model parameters and relations cannot be assessed with certainty. The decision making model described in this paper is based on stochastic sum-of-ratios fractional programming. To begin with, the analyzed model has been formulated and explained theoretically. After that, its possible implementation has been demonstrated on a hypothetical example.
decision making model ; product planning ; efficient and effective business ; stochastic fractional programming
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Podaci o prilogu
167-176.
2010.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of the 5th International Congress “ Flour - Bread '09”
Ugarčić-Hardi, Žaneta
Osijek: Prehrambeno tehnološki fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku
978-953-7005-21-4
Podaci o skupu
Nepoznat skup
predavanje
29.02.1904-29.02.2096
Povezanost rada
Ekonomija