Journal Article10.1016/J.AMC.2012.02.032
The EOQ model – A dynamical system
18
TL;DR: An inventory model to determine the retailer's optimal order quantity for similar products to maximize the profit function by trading off inventory costs, purchasing costs, cost of the effort of sales staff considering the effect of inflation and time value of money by Pontryagin’s Maximal Principles is dealt with.
read more
About: This article is published in Applied Mathematics and Computation. The article was published on 01 May 2012. The article focuses on the topics: Economic order quantity & Time value of money.
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
An improved inventory model with partial backlogging, time varying deterioration and stock-dependent demand
Biswajit Sarkar,Sumon Sarkar +1 more
TL;DR: In this paper, an inventory model for deteriorating items with stock-dependent demand is proposed, and the aim of this model is to determine the optimal cycle length of each product such that the expected total cost (holding, shortage, ordering, deterioration and opportunity cost) is minimized.
181
Backlogging EOQ model for promotional effort and selling price sensitive demand- an intuitionistic fuzzy approach
Sujit Kumar De,Shib Sankar Sana +1 more
TL;DR: An intuitionistic fuzzy economic order quantity (EOQ) inventory model with backlogging is investigated using the score functions for the member and non-membership functions, showing that the score function can maintain the ranking rule also.
75
Fuzzy order quantity inventory model with fuzzy shortage quantity and fuzzy promotional index
Sujit Kumar De,Shib Sankar Sana +1 more
TL;DR: In this paper, a backorder EOQ model with fuzzy decision variables and a profit function is developed where the function itself is the function of m-th power of promotional index (PI) and the order quantity, shortage quantity and the PI are the decision variables.
57
•Dissertation
(An) order level inventory model for deteriorating items = 부패하는 제품의 재고 모형
Sung-Bin Choi,최성빈 +1 more
- 01 Jan 1982
49
Sales team's initiatives and stock sensitive demand — A production control policy
TL;DR: In this paper, an optimal production control policy for stock and sales team's initiatives sensitive demand is proposed, where the capacity of the production quantity and stock of produced items are state variable and the effort of sales team/agent is a control variable in this model.
21
References
•Book
Decision Systems for Inventory Management and Production Planning
Graham K. Rand
- 01 Jan 1979
TL;DR: In this article, an in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public, is presented, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning and PUSH Control.
1.5K
Applied data envelopment analysis
TL;DR: Data envelopment analysis is a linear programming based technique for measuring the relative performance of organisational units where the presence of multiple inputs and outputs makes comparison difficult.
1K
Economic Order Quantities with Inflation
TL;DR: In this article, it is shown that with inflation the choice of the inventory carrying charge used in the EOQ formula can be changed with respect to all relevant costs and prices.
463