Curves of indifference. Solving the problem of the optimal choice of the consumer

The basis for the study of personal consumption (individual consumers and households) are indifference curves. The indifference curve is a line, each point of which represents such a combination of two goods that the consumer does not care which of them to choose. Indifference curves graphically reflect the consumer’s system of preferences. For the convenience […]

Determination of optimal parameters of the inventory management system

Let’s apply the inventory management model discussed in 4.1 to a specific example, which is as follows: three types of semi-finished products are produced on the same equipment. The object of modeling is a warehouse of finished products, a system for managing the movement of stocks, taking into account restrictions on warehouse space and working […]