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Order quantity depending on probability distribution
Naglová, Martina ; Fábry, Jan (advisor) ; Kuncová, Martina (referee)
The thesis examines calculation of the order quantity in case of the stochastic demand. The order quantity is calculated from the cost function and the profit function. In case of the stochastic demand, the exact demand is unknown, but the probability distribution is known. The aim of the thesis is the transformation of the formulas for different probability distributions of the demand. It is necessary to calculate the order quantity so that cost function is minimal. The cost fiction is considered to be bipolar structure where ordering costs are increasing with higher ordering quantity, storage costs are decreasing with higher ordering quantity. In the profit fiction it is examined if it is possible to make higher profits from contracts and how contracts influence the order quantity.