2 results for “Economic Order Quantity (EOQ)”

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Research ArticleOpen accessIn the keywordsConstrained Probabilistic Economic Order Quantity Model under Varying Order Cost and Zero Lead Time Via Geometric ProgrammingKotb Abd-El-Hamid Mahmoud Kotb, Huda Mohamed Hamid Al-ShanbariProblem statement: In this study, we provide a simple method to determine the inventory policy of probabilistic single-item Economic Order Quantity (EOQ) model, that has varying order cost and zero lead time. The model is restricted to the expected holding cost and the expected available limited storage space. Approach: The annual expected total cost is composed of three components (expected … …Journal of Mathematics and Statistics, Vol. 7, Issue 4 · 3 Nov 2011 · 7,612 accessesView PDF Cite

Research ArticleOpen accessIn the abstractLot-Sizing Decisions under Trade Credit Depending on the Ordering Quantity in Fuzzy Annual DemandChui-Yu Chiu, Zhi-Ping Lin, Yi LinProblem statement: In reality, there are of various products such as liquids, volatile, medicines and materials, in which the rate of deterioration is very large. However, little attention has been mentioned what the effects of deterioration occur in most inventory systems. Also, the loss of the deterioration should not be neglected as an important issue. Approach: In this study, we … …American Journal of Applied Sciences, Vol. 6, Issue 12 · 31 Dec 2009 · 6,763 accessesView PDF Cite