A thermodynamic approach to modelling the economic order quantity
نویسندگان
چکیده
منابع مشابه
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15 صفحه اولA Note on Economic Order Quantity Model
Economic Order Quantity (EOQ) model has been extended. We formulate EOQ model as a calculus of variations. This new extended problem is a simple optimal control problem with an unknown initial state. By solving this problem we generalize EOQ formula [1].
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The economic order quantity (EOQ) and the economic production quantity (EPQ) are well-known and commonly used inventory control techniques. The standard results are easy to apply but are based on a number of unrealistic assumptions. One of the assumption is that the demand is normally distributed in any interval. In several practical cases the assumption about independence of successive demands...
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Previous studies in the issue of inventory models with imperfect quality assumed the defectives could be sold in a batch by the end of the inspection process and the manufacturing systems were push systems. However, the above assumptions may not be true in the pull system in which buyer is powerful. Therefore, in this paper, we develop a new inventory model for items with imperfect quality and ...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2006
ISSN: 0307-904X
DOI: 10.1016/j.apm.2005.07.001