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Economic Order Quantity and Safety Stock
2015Most of the service parts—especially in the automotive and the engineering industry—have an immediate demand, i.e. the service part has to be available on stock. Since the forecast is always just an estimation of the future demand, it is necessary to compensate the deviations from the real demand (and the irregularities of the supply) by safety stock.
Jörg Thomas Dickersbach +1 more
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Economic production order quantity and quality
International Journal of Production Research, 2011The purpose of this study is to integrate a conventional production-inventory management approach and a process-quality design approach so as to promote quality and reduce costs. Because the integration of these two approaches into a single system is conducted under the influence of a deterioration process, estimated costs of production must be ...
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ECONOMIC ORDER QUANTITIES WITH QUANTITY DISCOUNTS: GRANDMA DOES IT BEST
Decision Sciences, 1983ABSTRACTWe examine a new algorithm developed by Kuzdrall and Britney [5] for locating the optimal order quantity in the presence of quantity discounts. Their algorithm, based on a model for the supplier's formulation of the price schedule, involves a regression analysis to identify the supplier's variable cost per unit and the fixed cost that the ...
Paul A. Rubin +2 more
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The Economic Order-Quantity (EOQ) Model
2008The economic order-quantity model considers the tradeoff between ordering cost and storage cost in choosing the quantity to use in replenishing item inventories. A larger order-quantity reduces ordering frequency, and, hence ordering cost/ month, but requires holding a larger average inventory, which increases storage (holding) cost/month. On the other
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On the Economic Order Quantity Model with Compounding
American Journal of Mathematical and Management Sciences, 2021Cenk Caliskan
exaly
An Economic Order Quantity inventory model for a product with a circular economy indicator
Computers and Industrial Engineering, 2020Boualem Rabta
exaly
Effects of discount policies on economic order quantity and total cost for perishables: a case study
International Journal of Data Science, 2021Sakir Esnaf, Didem Güleryüz
exaly

