Impact of Excessive Stocks in Process of Bearing Stock Optimization Using Branch and Bound Method
Supply process is one of major priorities for each manufacturing plant. To produce quality products with low prices is an advantage in competition on the market. A prerequisite for such a state is to minimize prices of production inputs, which can be achieved by stock optimizing. Presented contribution on specific example illustrates discrete optimization process on principles of Branch & Bound, which defines the input, and optimized parameters of initial stock of bearings in selected companies operating on Slovak market. In conclusion, the impact of optimized solutions is given and highlights the need for optimization.
Virtual Machining and its Experimental Verification
Virtual Machining and its Experimental Verification Research, verification and implementation of various methods of rapid prototyping are getting more intensified in the recent time. One of possible rapid prototyping techniques is a virtual machining which allows testing the properties of designed machine tool using its mathematical model. This article presents the example of virtual machining on a virtual small centre lathe and experimental verification of obtained results.
Implementation of Tourism Satellite Account: Assessing the Contribution of Tourism to the Croatian Economy
Compiling the indicators of tourism consumption and the output of tourism industries, Tourism Satellite Account (TSA) provides a framework for internationally harmonized measurements of direct macroeconomic contribution of tourism. Ivandic and Marusic provide a detailed methodological approach for the transfer of TSA theoretical concepts to the assessment of tourism economic contribution on the case of the Croatia. Giving that the TSA compilation is still characterized by a surprisingly wide range of ‘styles’ used, the chapter contributes to a better understanding of the issues related to measurement of direct tourism impacts. It also gives a set of baseline criteria for resource allocation within tourism policy and the further evaluation of its effectiveness.