Preliminary communication
https://doi.org/10.38190/ope.13.1-2.8
Software solution of procurement problem - dynamic programming approach
Nikolina Zajdela Hrustek
orcid.org/0000-0002-6311-4772
; University of Zagreb, Faculty of Organization and Informatics
Damira Keček
; University North
Bruno Krnetić
orcid.org/0009-0004-2870-4613
Abstract
Today, at a time of pronounced disruptions in supply chains due to a series of unfavorable circumstances such as war, natural disasters and shortages of raw materials and energy, adequate procurement management is one of the key goals that almost every entrepreneur or company strives to achieve. The aim of this paper is to present the application of the dynamic programming method for solving the procurement problem and to present the programming solution created for solving the procurement problem using the above method. Dynamic programming is a special mathematical method used for system optimization problems in such a way that the identified problem is broken down into several simpler subproblems. The paper also presents the functionality of the created software application with a built-in dynamic programming algorithm on the example of solving the problem of procuring a much-needed product in a project-oriented company. The use of dynamic programming as a tool and program support can be used to solve different classes of problems related to adequate inventory management, given that it provides detailed insight into the state of inventory, which greatly facilitates procurement planning and insight into possible costs associated with procurement.
Keywords
dynamic programming; supplies; procurement problem; software solution
Hrčak ID:
312758
URI
Publication date:
30.12.2023.
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