A Note on Economic Order Quantity Model
نویسندگان
چکیده
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].
منابع مشابه
The Expansion of Economic Order Quantity Model to Reduce the Costs of Internet Recruitment Innovative Technologies in cities
In this paper, an economic decisions-making model based on mathematics in order to optimize the costs of investment in accordance with innovative technology of human resources recruitment introduced and in the next section, the economic impact of the Internet recruitment technologies has been examined. In order to fulfill these demands classic economic order quantity model of have developed as...
متن کاملA cloudy fuzzy economic order quantity model for imperfect-quality items with allowable proportionate discounts
In the traditional economic order quantity/economic production quantity model, most of the items considered are of perfect type. But this situation rarely takes place in practice. Thus, in this paper, an economic order quantity model with imperfectquality items is developed. 100% screening process is performed, and the items of imperfect quality are sold as a single batch. A proportionate ra...
متن کاملEconomic order quantity model for growing items with incremental quantity discounts
Certain inventory items are living organisms, for example livestock, and are therefore capable of growing during the replenishment cycle. These items often serve as various saleable food items downstream in supply chains. The purpose of this paper is to develop a lot sizing model for growing items if the supplier of the items offers incremental quantity discounts. A mathematical model is derive...
متن کاملComprehensive Decision Modeling of Reverse Logistics System: A Multi-criteria Decision Making Model by using Hybrid Evidential Reasoning Approach and TOPSIS (TECHNICAL NOTE)
In the last two decades, product recovery systems have received increasing attention due to several reasons such as new governmental regulations and economic advantages. One of the most important activities of these systems is to assign returned products to suitable reverse manufacturing alternatives. Uncertainty of returned products in terms of quantity, quality, and time complicates the decis...
متن کاملDeveloping EOQ model with instantaneous deteriorating items for a Vendor-Managed Inventory (VMI) system
This paper studies the economic-order-quantity model (EOQ) for deteriorating items in two cases (with and without shortages) to evaluate how vendor managed inventory (VMI) affects supply chain. We consider two-level supply chain (single supplier and a single retailer) with one instantaneous deteriorating item. A numerical example and sensitivity analysis are provided to illustrate the effect of...
متن کامل