EOQ Models with Varying Holding Cost
Joint Authors
Afshar-Nadjafi, Behrouz
Ghasemi, Naser
Source
Journal of Industrial Mathematics
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-05-30
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
Models of inventory management contain different parameters.
An issue is observable in the classical models which can be related to the determination of the quantity of the economic order and the quantity of the economic production.
In these models, the parameters like setup and holding costs and also the rate of demands are fixed.
This matter causes the quantity of the economic ordering in classic model to have some differences in comparison with the real-world conditions.
It should be stated that holding cost of spoiled and useless products is not always fixed and so the costs increase by passing the time.
This paper is an attempt to develop classical EOQ models by considering holding cost as an increasing function of the ordering cycle length.
So the classical EOQ models are developed, and the related optimum quantity to the ordering cycle length, economic ordering quantity, and the optimum total cost are determined.
American Psychological Association (APA)
Ghasemi, Naser& Afshar-Nadjafi, Behrouz. 2013. EOQ Models with Varying Holding Cost. Journal of Industrial Mathematics،Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-495278
Modern Language Association (MLA)
Ghasemi, Naser& Afshar-Nadjafi, Behrouz. EOQ Models with Varying Holding Cost. Journal of Industrial Mathematics No. 2013 (2013), pp.1-7.
https://search.emarefa.net/detail/BIM-495278
American Medical Association (AMA)
Ghasemi, Naser& Afshar-Nadjafi, Behrouz. EOQ Models with Varying Holding Cost. Journal of Industrial Mathematics. 2013. Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-495278
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-495278