Results 161 to 170 of about 9,026 (214)
AN EOQ MODEL WITH CONTROLLABLE SELLING RATE [PDF]
Asia-Pacific Journal of Operational Research, 2008 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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EOQ Models with Supply Disruptions
2013Most of the early research in inventory theory concentrates purely on demand uncertainty. However, models which aim to capture the dynamics of real-world systems must also take uncertainties in the supply side into consideration. One type of supply uncertainty that has attracted considerable attention during the past decade is supply disruptions, such ...
Atan, Zümbül, Snyder, Lawrence V.
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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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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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2021
Since the introduction of the economic order quantity (EOQ) model by Harris (1913), frequent contributions have been made in the literature toward the development of alternative models that overcome the unrealistic assumptions embedded in the EOQ formulation.
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Since the introduction of the economic order quantity (EOQ) model by Harris (1913), frequent contributions have been made in the literature toward the development of alternative models that overcome the unrealistic assumptions embedded in the EOQ formulation.
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EOQ with limited backorder delays
Computers & Operations Research, 1986This note considers the problem of determining the EOQ of an inventory system which allows for short delay in replenishment of inventory items that are subject to exponential decay over time. We present an analytical model to deal with the problem. It is shown that previous research results for the situation with nondecaying inventory items can be ...
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Management Science, 1987
Zero Inventory (ZI) is a new and powerful concept to improve production efficiency. Underpinning ZI is set up reduction and this paper examines what eventuates when set up costs are cut. The folklore is that set up reduction lowers inventory and costs. We obtain results contrary to that.
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Zero Inventory (ZI) is a new and powerful concept to improve production efficiency. Underpinning ZI is set up reduction and this paper examines what eventuates when set up costs are cut. The folklore is that set up reduction lowers inventory and costs. We obtain results contrary to that.
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An EOQ Model with Random Variations in Demand
Management Science, 1995This paper presents a model that incorporates variations in the demand rate at random time points into the inventory planning decision. These changes in demand may occur due to economic recessions, labor strife starting or ending, or other events that result in a period of time during which the rate of demand is shifted up or down from its current ...
Percy H. Brill, Ben A. Chaouch
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An EOQ model with process reliability considerations
Journal of the Operational Research Society, 2003Summary: The classical economic order quantity (EOQ) model assumes that items produced are of perfect quality and that the unit cost of production is independent of demand. However, in realistic situations, product quality is never perfect, but is directly affected by the reliability of the production process.
P. K. Tripathy +2 more
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