Examining the relationship between information evaluation and security stock level

8 pages•Published: May 14, 2020

Abstract

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.

Keyphrases: information, logistics, safety stock, value

In: Tich Thien Truong, Trung Nghia Tran, Quoc Khai Le and Thanh Nha Nguyen (editors). Proceedings of International Symposium on Applied Science 2019, vol 3, pages 49-56.

Links:	https://easychair.org/publications/paper/3jVh
	https://doi.org/10.29007/shrz

BibTeX entry

@inproceedings{ISAS2019:Examining_relationship_between_information,
  author    = {Csaba Imre Hencz and Tamás Hartványi},
  title     = {Examining the relationship between information evaluation and security stock level},
  booktitle = {Proceedings of International Symposium on Applied Science 2019},
  editor    = {Tich Thien Truong and Trung Nghia Tran and Quoc Khai Le and Thanh Nha Nguyen},
  series    = {Kalpa Publications in Engineering},
  volume    = {3},
  publisher = {EasyChair},
  bibsource = {EasyChair, https://easychair.org},
  issn      = {2515-1770},
  url       = {/publications/paper/3jVh},
  doi       = {10.29007/shrz},
  pages     = {49-56},
  year      = {2020}}

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