OPTIMIZATION OF MOVING STOCK VOLUME IN RELATION TO PRICE DISCOUNT

1 KUCZYŃSKA CHALADA - Marzena
Co-authors:
1 GRABOWSKA Sandra 1 PAWLAK Szymon 1 SZYMSZAL Jan
Institution:
1 Silesian University of Technology, Faculty of Materials Engineering and Metallurgy, Katowice, Poland, EU
Conference:
7th Carpathian Logistics Congress, ALEXANDRA WELLNESS HOTEL, Liptovsky Jan, Slovakia, EU, June 28th - 30th 2017
Proceedings:
Proceedings 7th Carpathian Logistics Congress
Pages:
246-252
ISBN:
978-80-87294-74-1
ISSN:
2694-9318
Published:
30th November 2017
Proceedings of the conference were published in Web of Science.
Metrics:
507 views / 166 downloads
Abstract

Stocks are the most important elements of the logistic process at each stage of the manufacturing company's operation, e.g. supply, manufacturing and distribution. They allow efficient flow of materials and may also play an important role in the case of risk and uncertainty. The aim of article is to presents modified method based on the Economic Optimal Quantity (EOQ) to optimize moving stock volume in the manufacturing company. The article also considers the necessity of incremental order to make use of a price discount for specific raw materials/components. The results of the research are presented on the basis of data from a company from the metallurgical sector.

Keywords: optimization, moving stock, price discount, Economic Optimal Quantity

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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