Examining the relationship between information evaluation and security stock level
Keyword(s):
In this research, we intend to present a novel mathematical approach to logistics which allows (financial) value to be associated with information as a central corporate resource. The inherent logistics processes (transport, production, sales) uncertainty requires continuous inventory monitoring and maintenance of safety stock levels. Literature and practice show that logistics responds to poor quality or incomplete information by increasing inventory.In our research, we are looking for a minimum of safety stock levels based on the processing of information available in space and time and I intend to give a formal description of the mathematical model and present an example of its application.
2014 ◽
pp. 1231-1233
Keyword(s):
2019 ◽
Vol 14
(3)
◽
pp. 1-15
2012 ◽
Vol 490-495
◽
pp. 1441-1445
◽