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Material flow between stages is driven by reorder point/order quantity inventory control policies.
Cárdenas-Barrón and Sana (2015) presented an economic order quantity inventory model in two-layer supply chain of multi items, where demand is sensitive with promotional effort.
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(2016) dealt an economic production quantity (EPQ) inventory model with reworkable defective items and multi-shipment policy.
This massive time spend is important to marketers not only for sheer quantity of inventory, but also for the society-wide reach and broad social context it provides.
In the classical economic order quantity (EOQ) inventory model, it was assumed that the retailer must pay for the items immediately after the items are received.
The sixth ingredient indicating the quantity of inventory of parts kept in period t and carried over to period t + 1 is named matrix VP,T.
Goyal (1985) is the first person to consider the economic order quantity (EOQ) inventory model under the condition of trade credit.
For example, the term v31 = 50 means that 50 quantities of part type 3 are kept in period 1 and carried over to period 2. Open image in new window Fig. 6 The quantity of inventory of parts kept between periods 7.
The components of this matrix P × 1 as shown in Fig. 6 represent the quantity of inventory of parts kept between each two periods.v pt = a means that a quantities of part type p are kept in period t and carried over to period t + 1.
In this paper, an economic order quantity (EOQ) inventory model for a deteriorating item is developed with the following characteristics: (i) The demand rate is deterministic and two-staged, i.e., it is constant in first part of the cycle and linear function of time in the second part.
We propose a multi-period mathematical optimization model that maximizes the producer's profit while optimizing the prices of different servicing options, production quantities, and inventory levels.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com