Methods of Comparison of the Economic Order Quantity and Just-In-Time Restocking Technologies. The Case Study

Estimation of the optimal size of order is one of the key tasks in determining the parameters of the urban freight restocking system. The existing analytical models and methods are considering each technology separately and they do not compare the Economic Order Quantity (EOQ) and Justin-tme (JIT) restocking technologies. The purpose of this research was to evaluate efficiency of the JIT and EOQ restocking technologies. The research would help in selecting the delivery model, analyzing functioning of existing JIT and EOQ models. The article presents an approach to determining the comparison in organizing supplies to the retailer. For this, the two supply models were compared. The Just-in-Time model is characterised by costs that are spend on transportation. The Economic Order Quantity model includes costs of transportation and storage in a warehouse. After calculations, application of the Just-in-Time model in the given conditions was determined.

The Economic Order Quantity in a Fuzzy Environment for a Periodic Inventory Model with Variable Demand

The technique of limiting expenditure plays a critical part in an organization's ability to govern the smooth operation of its management system. The economic order quantity (EOQ) is calculated by solving a nonlinear problem, and the best solution is investigated in a fuzzy and intuitionistic fuzzy environment. The overall cost is made up of several factors, such as demand, holding, and ordering costs. The demand and stock-out characteristics were both fuzzified using fuzzy and intuitionistic fuzzy numbers. The numerical analysis shows the comparison between the two fuzzy numbers through sensitivity analysis.

From ‘Bad Samaritans’ to ‘Bad Victims’: A Political Economy of Africa-Nigeria Nexus of Poverty

This paper examines the linkages between moral categorisations on the international economic order and the dysfunctions that negate efforts at combating the Africa-Nigeria poverty conditions in the contemporary period. Drawing from the thesis of Ha-Joon Chang’s ‘Bad Samaritans’, it analyses the contradictions in the often-repeated declarations on ‘fight against poverty’ in Nigeria and the endemic dysfunctions in leadership and institutions that ought to play significant roles in understanding and recalibrating the hegemonic influence of wealthy nations who control the global economy.

Analysis Control Of Inventory Of Non Subsidy Fertilizer Merchandise With Economic Order Quantity (EOQ) Method In CV. Dohar Agro Mandiri

Economic Order Quantity (EOQ) is a mathematical model that determines the number of items that must be ordered to meet the projected demand, with minimized inventory costs. The types of costs to run the business cycle are storage costs and ordering costs. The purpose of this research is to analyze "Analysis of Non-Subsidized Fertilizer Inventory Control with Economic Order Quantity (EOQ) Method at CV. Dohar Agro Mandiri. The total inventory obtained using the EOQ method is 11,003 with a purchase frequency of 3 times. Using the EOQ method the company must reorder when the merchandise inventory is 1,015 zak, with the EOQ method the maximum inventory that the company must maintain is 12,018 per day. The total inventory cost of fertilizer merchandise inventory is 24,648. In other words, inventory control using the EOQ method can help companies achieve an optimal level of inventory ordering and ordering frequency.

The New Concept of Disruptive Logistics

In an increasingly disruptive global environment, marked by the potential development of the Post-New World Economic Order, more innovative, effective, and efficient logistics solutions are demanded. It is necessary to offer radical improvements in logistics services through new models. It is considered necessary to define the new concept of disruptive logistics based on three fundamental pillars: globalization, digitization, and sustainability. This chapter aims to address the new concept, more effective and efficient, in a highly turbulent environment that has become disruptive, with unpredictable, substantial, and impactful changes. The most significant geoeconomics aspects that would condition a hypothetical Post-New World Economic Order are analyzed, the main factors of the global sustainable logistics are studied, and the development of the concepts of Logistics 4.0 and Supply Chain Management 4.0 is reviewed. Finally, as a result, the main aspects of the proposed new concept are analyzed.

Business Model Creation for Cost Saving in the New World Economic Order

Globalization and economy features in this new world economic order due to SARS-CoV-2 pandemic crisis involve taking into account new ideas and proposals to keep the market share and to fight against competition. It is very important to consider and evaluate the business model of a company to drive all the objectives and the strategy towards the aimed position in the market to assure the market share in the future. Evaluation and analysis of a business model, together with new proposals regarding it may help a company to achieve all the objectives and to increase its competitiveness in the market.

Organizational Components That Explain the Strategic Direction of SMEs for a New World Economic Order

This chapter aims to show some concepts related to the importance of planning and strategic direction as a fundamental tool for the sustainability of Colombian SMEs for a new world economic order and present the proportionality relationship between this concept of strategic management and the organizational components. Keys that explain it and facilitate its development, considering the modernization model for managing organizations (MMOM), were developed by a group of researchers from the EAN University in Bogotá-Colombia. It was found that market management, organizational culture, organizational structure, and knowledge and innovation management are the components that a high percentage explain the strategic direction of this type of company on which priority improvement and innovation activities should be developed in such a way ways that allow strategies to develop more smoothly to achieve business objectives of effectiveness, efficiency, profitability, and sustainable development.