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Machine learning-based optimal temperature management model for safety and quality control of perishable food supply chain. [PDF]
Eze J +4 more
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Inventory model for green products with payment strategy, selling price and green level dependent demand using teaching learning based optimization algorithm. [PDF]
Das SC +4 more
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A simple and practical approach to improving the cost effectiveness of surgical inventory management. [PDF]
Carter MW, Hawa T, Busby C.
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Sensitivity of the EOQ Model to Parameter Estimates
Operations Research, 1988The Economic Order Quantity (EOQ) model for independent demand is well known to be somewhat insensitive to the choice of order quantity. The cost goes up as the square root of the ratio of the actual order quantity to that of the optimal order quantity. The question arises as to how sensitive this cost is to parameter estimates. This paper extends the
Gregory Dobson
exaly +3 more sources
Operations Research Letters, 2013
Abstract In this paper, we provide analytical support for the notion that it may be possible, via operational adjustments alone, to significantly reduce emissions without significantly increasing cost. Using the EOQ model, we provide a condition under which it is possible to reduce emissions by modifying order quantities.
Xi Chen 0008 +2 more
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Abstract In this paper, we provide analytical support for the notion that it may be possible, via operational adjustments alone, to significantly reduce emissions without significantly increasing cost. Using the EOQ model, we provide a condition under which it is possible to reduce emissions by modifying order quantities.
Xi Chen 0008 +2 more
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Eoq with limited backorder delays
Computers & Operations Research, 1984This note extends the standard EOQ model to cover the situation when the firm is allowed, at no backorder cost, a certain delay time before the order must be filled. This situation is met in practice when the customer doesn't expect or insist on immediate receipt of an order from on-the- shelf inventory, but only a certain reasonable delay time is ...
Donald C. Aucamp, Donald W. Fogarty
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AN EOQ MODEL WITH CONTROLLABLE SELLING RATE [PDF]
According to the marketing principle, a decision maker may control demand rate through selling price and the unit facility cost of promoting transaction. In fact, the upper bound of willing-to-pay price and the transaction cost probably depend upon the subjective judgment of individual consumer in purchasing merchandise.
HORNG-JINH CHANG, PO-YU CHEN
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2013
When Ford W. Harris published his short three-page article developing the Economic Order Quantity (EOQ) model in 1913, he likely did not foresee that it would still be discussed and used 100 years later. Harris’ EOQ model was one of the first applications of mathematical modeling to guide managers in making business decisions, and it has spawned ...
Matthew J. Drake, Kathryn A. Marley
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When Ford W. Harris published his short three-page article developing the Economic Order Quantity (EOQ) model in 1913, he likely did not foresee that it would still be discussed and used 100 years later. Harris’ EOQ model was one of the first applications of mathematical modeling to guide managers in making business decisions, and it has spawned ...
Matthew J. Drake, Kathryn A. Marley
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International Journal of Management Science and Engineering Management, 2015
This paper deals with a new approach of linguistic dichotomous fuzzy variables for a classical backordered EOQ (Economic Order Quantity) model with PE (Promotional Effort) and selling price dependent demand rate. In practice, we have observed that the demand rate during a shortage period decreases with time.
Sujit Kumar De, Shib Sankar Sana
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This paper deals with a new approach of linguistic dichotomous fuzzy variables for a classical backordered EOQ (Economic Order Quantity) model with PE (Promotional Effort) and selling price dependent demand rate. In practice, we have observed that the demand rate during a shortage period decreases with time.
Sujit Kumar De, Shib Sankar Sana
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The EOQ model – A dynamical system
Applied Mathematics and Computation, 2012zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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