EOQ models with general demand and holding cost functions

1994 ◽  
Vol 73 (1) ◽  
pp. 50-54 ◽  
Author(s):  
M. Goh
Keyword(s):  
Cost Functions ◽  
Eoq Models ◽  
Holding Cost ◽  
General Demand

scholarly journals EOQ Models with Varying Holding Cost

2013 ◽  
Vol 2013 ◽  
pp. 1-7 ◽  
Author(s):  
Naser Ghasemi ◽  
Behrouz Afshar Nadjafi
Keyword(s):  
Inventory Management ◽  
Cycle Length ◽  
Holding Costs ◽  
Eoq Models ◽  
Optimum Quantity ◽  
Economic Production ◽  
Classical Models ◽  
Holding Cost ◽  
Increasing Function

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.

scholarly journals Licensing under general demand and cost functions

2016 ◽  
Vol 253 (3) ◽  
pp. 673-680 ◽  
Author(s):  
Debapriya Sen ◽  
Giorgos Stamatopoulos
Keyword(s):  
Cost Functions ◽  
General Demand
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