2014
Analytical microeconomics as a search tool for the stock optimization
HAŠKOVÁ, Simona and Robert ZEMANBasic information
Original name
Analytical microeconomics as a search tool for the stock optimization
Name in Czech
Analytická mikroekonomie jako nástroj k hledání optimální výše zásob na skladě
Authors
HAŠKOVÁ, Simona (203 Czech Republic, guarantor, belonging to the institution) and Robert ZEMAN (203 Czech Republic, belonging to the institution)
Edition
1. vyd. Olomouc, 32nd International Conference on Mathematical Methods in Economics (MME), p. 269-274, 6 pp. 2014
Publisher
Palacky University in Olomouc
Other information
Language
English
Type of outcome
Proceedings paper
Field of Study
50200 5.2 Economics and Business
Country of publisher
Czech Republic
Confidentiality degree
is not subject to a state or trade secret
Publication form
electronic version available online
RIV identification code
RIV/75081431:_____/14:00000481
Organization unit
Institute of Technology and Business in České Budějovice
ISBN
978-80-244-4209-9
UT WoS
000356417900047
Keywords (in Czech)
mikroekonomická analýza; přístup teoretika k optimalizaci; přístup case-based reasoning k optimalizaci; podmínky nejistoty
Keywords in English
microeconomic analyses; theoretical approach to optimization; “case-based reasoning” approach to optimization; uncertainty conditions
Changed: 10/11/2015 14:06, Mgr. Václav Karas
V originále
In the paper we look into the inventory stock optimization problem within which we focus on conditions of uncertainty. We compare two approaches: 1. we concentrate on the exact approach of a mathematician, who derives his conclusions from a minimum of factual findings and who mostly leans on the formal side of his model; 2. we deal with the same thing applying the "case-based reasoning" approach, which is based on the detailed knowledge and which is understandable to a manager. This comparison enables us to reveal a number of interesting relations and differences. The cooperation of the two approaches enables a deeper insight into the principle of the optimization algorithm. This algorithm is then applied to the practical case study solved under conditions of uncertainty.