Economic substantiation of the size of stocks of industrial enterprise

Abstract

An important place in the economic activity of the enterprises of the coke industry occupies the question of what to provide with reserves. To ensure a continuous production process at the enterprise, economic and mathematical models can be used to optimize the volume and schedule of the procurement of materials. One of the most common is the Economic Ordering Quantity Model (EOQ-model). By improving Wilson’s formula, it became possible to calculate the optimal order size taking into account insurance stock, inventory costs, VAT and the ability to choose a supplier.