Demand
Demand is defined as 'a need for goods or services’ [Drabik and Sobol 2014]. In the book by Ziomek [2006], the term is described as „the amount of goods and services that a buyer wants to buy at a given price”. According to Philip Kotler [1999], the notion of demand must be seen in the […]
Explore moreAnalysis of inventories on the example of selected enterprises (pt.1)
Most often several dozen percent of products stored in warehouses are characterized by sales with an exponential distribution of probability or a distribution close to that of exponential. This text presents the results of the empirical research in this area, supported by the presentation of demand distributions for selected products. The results of inventory analysis […]
Explore more