Effects of errors in the demand and cost parameters in the EOQ model of stock control.
The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Published: |
2008
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| Online Access: | http://hdl.handle.net/10356/10716 |
| _version_ | 1811692939854741504 |
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| author | Gooi, Esther Sok Hwa. Lee, May Han Mei. Ng, Hwee Chin. |
| author2 | Walker, John |
| author_facet | Walker, John Gooi, Esther Sok Hwa. Lee, May Han Mei. Ng, Hwee Chin. |
| author_sort | Gooi, Esther Sok Hwa. |
| collection | NTU |
| description | The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ formula. The paper will comprise of two main parts: the literature review from chapter 1 to 5 and the analysis on the sensitivity of the EOQ model in chapter 6 followed by a conclusion. |
| first_indexed | 2024-10-01T06:43:45Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/10716 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T06:43:45Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/107162023-05-19T03:30:06Z Effects of errors in the demand and cost parameters in the EOQ model of stock control. Gooi, Esther Sok Hwa. Lee, May Han Mei. Ng, Hwee Chin. Walker, John Nanyang Business School DRNTU::Business::Operations management::Inventory control The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ formula. The paper will comprise of two main parts: the literature review from chapter 1 to 5 and the analysis on the sensitivity of the EOQ model in chapter 6 followed by a conclusion. 2008-09-24T07:46:46Z 2008-09-24T07:46:46Z 1999 1999 Final Year Project (FYP) http://hdl.handle.net/10356/10716 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Business::Operations management::Inventory control Gooi, Esther Sok Hwa. Lee, May Han Mei. Ng, Hwee Chin. Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title | Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title_full | Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title_fullStr | Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title_full_unstemmed | Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title_short | Effects of errors in the demand and cost parameters in the EOQ model of stock control. |
| title_sort | effects of errors in the demand and cost parameters in the eoq model of stock control |
| topic | DRNTU::Business::Operations management::Inventory control |
| url | http://hdl.handle.net/10356/10716 |
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