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Economic order quantity for growing items
International Journal of Production Economics, 2014Abstract Economic order/production quantity (EOQ/EPQ) models have generally been presented for manufacturing products. Incorporating some important features of a specific category of products, different EOQ/EPQ models have been proposed in literature. This study proposes a new class of inventory models, i.e.
Jafar Rezaei
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The economic order quantity model with compounding
Omega, 2021Abstract The standard Economic Order Quantity (EOQ) model is a cornerstone of inventory management. It is one of the oldest and highly recognized models in business and operations research. In the EOQ model, the inventory holding cost consists of two parts: a financial cost that represents the opportunity cost of capital tied up in the inventory and ...
Cenk Caliskan
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International Journal of Systems Science: Operations and Logistics, 2016 It is common for a retailer to receive some imperfect quality items in a lot. An imperfect inspection process may lead to misclassification errors. Inspection errors due to human fallibility, flawed inspection techniques or environmental factors can ...
Chun-Tao Chang
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Economic order quantities and inflation
International Journal of Production Research, 1985This paper addresses the inventory control problem of determining economic order quantities during inflation. A simple average annual cost model is constructed for which a closed-form solution is found. The solutions thus generated arc then compared with the optimal solutions to a ‘theoretically correct’ model whose objective is to minimize the ...
JOHN J. KANET, JAMES A. MILES
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Robust economic order quantity models
European Journal of Operational Research, 1997zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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