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Keyword: «cost optimization»

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The method of management of diversified stocks in terms of working capital constraints immobilized in stocks. The derivation of the formula for determining the size of the order using the method of Lagrange multipliers. For example, consider the possibility of minimizing the costs associated with reserves and the optimal size of eligible costs orders.
The article describes the key aspects of the economic tasks solved within the framework of digital management of production processes. Approaches to cost optimization using digital tools have been developed, as well as methods for increasing productivity through the introduction of automated data analysis systems. The relevance of the topic lies in the fact that digitalization of production management processes is one of the key areas of development of the global economy, known as «Industry 4.0». The introduction of digital technologies such as artificial intelligence, big data, and the Internet of Things (IoT) allows for significant optimization of production processes, lower costs, and increased flexibility in resource management.