Please use this identifier to cite or link to this item:
|Title:||EOQ models with general demand and holding cost functions|
|Keywords:||Dependent demand rate|
|Source:||Goh, M. (1994). EOQ models with general demand and holding cost functions. European Journal of Operational Research 73 (1) : 50-54. ScholarBank@NUS Repository.|
|Abstract:||We consider the continuous, deterministic, infinite horizon, single item inventory system, within the setting of a retail sector, in which the demand rate for an item is dependent on the existing inventory level. The traditional parameter of the replenishment cost is kept constant but the carrying cost per unit is allowed to vary. Two possibilities of variation are considered: (a) a non-linear function of the length of time the item is held in inventory and (b) a non-linear function of the amount of on-hand inventory. We find the optimal policies and decision rules and show that the classical EOQ model is obtained as a limiting case. © 1994.|
|Source Title:||European Journal of Operational Research|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Dec 15, 2017
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.