The main purpose of this paper is to investigate the retailer’s optimal replenishment policy under permissible delay in payments within the economic order quantity (EOQ) framework. Previously published articles dealing with optimal order quantity with permissible delay in payments assumed that the supplier only offers the retailer single trade credit period. In fact, most suppliers frequently o...

It has been more than ninety years since the classical square-root EOQ formula was given by Harris (1913). Yet there is no continuous-review stochastic inventory model published in the literature with a general enough demand, whose optimal policy would reduce to the square-root formula in the absence of the stochastic components of the underlying demand. Why? In this paper, we surmise the reaso...

The purpose of this study was to analyze the supply raw materials for Tempe Risky business in Serumbung Village, North Bengkulu Regency. analytical method used is Economical Order Quantity (EOQ), Total Cost (TC), Re Point (ROP), and Safety Stock (SS).
 results showed that meet need material supplies 336 sacks during research period, from January 2021 December (2021), number purchases were ...

Inventory control is a main activity for managing the amount of raw material inventory industry production process. PT. Pertamina RU II Dumai which engaged in oil and gas business activities have used Crude Oil as major fuel Based on preliminary observation, it was found that demand avtur unstable during period 2019-2020, decreasing to 54% whereas diesel increasing 17%. Consequently, this has a...

This study aims to find out how control raw material inventory which is traditionally carried by the Tempeh Soybean Factory analyzing using Economic Order Quantity (EOQ) and Periodic (POQ) methods. In this study, we uses a descriptive-qualitative approach. The author observation, interviews, documentation in collecting data. resource persons consisted of factory owners, assistants, employees at...

Motivated by a particular multinational cutting-tools manufacturer, we extend the traditional economic order quantity (EOQ) model for maintenance-repair-and-overhaul (MRO) customers under stochastic purchase price and use it to show how price variance leads to bullwhip effect for the MRO manufacturer despite constant consumption by the customer. Our extension of the EOQ model is based on two as...

Answers how much to order when to order. Reduced price when item is purchased in larger quantities.The first model we will present is called the economic order quantity EOQ. We will discuss two types of quantity discount contracts: all units discounts and.buy the lowest total cost quantity, save the buyer money and, in some cases, receive more goods. quantity discount model example When we buy ...