Inventory Modeling for Resource Optimization | IEEE Conference Publication | IEEE Xplore

Inventory Modeling for Resource Optimization


Abstract:

This research derives a quantitative model for the management of the amount of available working capital for the current payments of a husbandry. The optimal amount of th...Show More

Abstract:

This research derives a quantitative model for the management of the amount of available working capital for the current payments of a husbandry. The optimal amount of the needed financial resources is evaluated, which have to cover daily the wages of labor workers. The optimal moment for taking a loan to maintain working capital has been determined, taking into account the time delay from incoming funds to cover the loans. Numerical simulations and results are presented, which use current available financial data from the domains of agricultural and animal husbandries.
Date of Conference: 19-20 May 2022
Date Added to IEEE Xplore: 08 September 2022
ISBN Information:
Conference Location: Sofia, Bulgaria

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