Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/44948
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dc.titleEOQ models with general demand and holding cost functions
dc.contributor.authorGoh, M.
dc.date.accessioned2013-10-10T04:38:26Z
dc.date.available2013-10-10T04:38:26Z
dc.date.issued1994
dc.identifier.citationGoh, M. (1994). EOQ models with general demand and holding cost functions. European Journal of Operational Research 73 (1) : 50-54. ScholarBank@NUS Repository.
dc.identifier.issn03772217
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/44948
dc.description.abstractWe 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.
dc.sourceScopus
dc.subjectDependent demand rate
dc.subjectHolding cost
dc.subjectInventory control
dc.typeArticle
dc.contributor.departmentDECISION SCIENCES
dc.description.sourcetitleEuropean Journal of Operational Research
dc.description.volume73
dc.description.issue1
dc.description.page50-54
dc.description.codenEJORD
dc.identifier.isiutNOT_IN_WOS
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