Results 261 to 270 of about 108,209 (303)

The Classical Economic Order Quantity Formula

Journal of the Operational Research Society, 1973
Most continuous time inventory models which allow for the stochastic nature of demands usually include a delivery lag. This disguises a close link between deterministic and stochastic formulations of the inventory problem. By assuming that there is no delivery lag a stochastic version of the classical economic lot size model is developed. It yields the
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Economic production order quantity and quality

International Journal of Production Research, 2011
The 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 Quantity (EOQ) – An Extension

SSRN Electronic Journal, 2020
The aim of this paper is to illustrate the determination of the Economic Order Quantity (EOQ) or Economic Number of Orders (ENO) when the Total Ordering Cost (TOC) and Total Handling Cost (THC) are not equally the same. For this purpose, two assumptions of the basic EOQ model - (a) the constant unit handling cost, and (b) the constant per order cost ...
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Economic Order Quantity and Safety Stock

2015
Most 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, Michael F. Passon   +1 more
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ECONOMIC ORDER QUANTITIES WITH QUANTITY DISCOUNTS: GRANDMA DOES IT BEST

Decision Sciences, 1983
ABSTRACTWe 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, David M. Dilts, Beth A. Barron   +2 more
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The Economic Order-Quantity (EOQ) Model

2008
The 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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Economic order quantity

2001
Saul I. Gass, Carl M. Harris
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On the Economic Order Quantity Model with Compounding

American Journal of Mathematical and Management Sciences, 2021
Cenk Caliskan
exaly  

Cognitive Stress and Learning Economic Order Quantity Inventory Management: An Experimental Investigation

Decision Analysis, 2022
Jinrui Pan, Jason Shachat
exaly  

An Economic Order Quantity inventory model for a product with a circular economy indicator

Computers and Industrial Engineering, 2020
Boualem Rabta
exaly