BASIC ECONOMIC PRINCIPLES  The Short Guide: Everything You Need to Know About Economics

Rasch, Firend Alan

doi:10.32893/ijbmr/2019.amii.10.0

Cited by 1 publication

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“…The retail segment is the person, store or business that sells goods in a fractional way and in small quantities (Rasch, 2019). The retail sector tends to grow each year, regardless of economic cycles or capital costs.…”

Section: Introductionmentioning

confidence: 99%

Stochastic Timed Petri Nets Applied to The Purchasing Process: A Case Study in A Large Cosmetics Retailer

Tocafundo¹

2021

Proceedings of ‏The 3rd International Conference on Research in Science, Engineering and Technology

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The purchase process of a large cosmetic and perfumery company is one of the pillars of its existence. When this process is time consuming or has a high concentration of responsibilities on a single manager, the productivity curve of the process can be affected. This fact is aggravated by the new perspectives of work and production due to COVID-19, where a high rate of unemployment and concentration of activities has permeated companies. This work demonstrates the application of the concepts of modelling and simulation, with the application of Stochastic Timed Petri Nets (STPN) as a proposal for efficient management. The first stage of the research consisted of an evaluation of the process in two aspects: the sequence of activities and time and money resources involved. The purchasing processes of the company were evaluated for four months at this stage. The second stage demonstrates the application of STPNs to manage the evaluated process. As a result, it was found that the financial values that guide service orders are between R$ 5.00 to R$ 80,000.00 Brazilian reais (totalling approximately R$ 800,000.00 during the analysis period), with service orders that accumulated approximately 120 days of delay for their resolution. In addition, a complete flowchart of the purchase process was developed, which enabled the use of STPNs. A simulator was created with the ability to identify bottlenecks (demonstrating the sectors and managers that need readjustments) and demonstrated proposals with 20% increase in the operational efficiency.

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Section: Introductionmentioning

confidence: 99%

Stochastic Timed Petri Nets Applied to The Purchasing Process: A Case Study in A Large Cosmetics Retailer

Tocafundo¹

2021

Proceedings of ‏The 3rd International Conference on Research in Science, Engineering and Technology

View full text Add to dashboard Cite

show abstract

BASIC ECONOMIC PRINCIPLES The Short Guide: Everything You Need to Know About Economics

Cited by 1 publication

References 0 publications

Stochastic Timed Petri Nets Applied to The Purchasing Process: A Case Study in A Large Cosmetics Retailer

Stochastic Timed Petri Nets Applied to The Purchasing Process: A Case Study in A Large Cosmetics Retailer

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