Development of multi-item EOQ when the constraints of investment and storage capacity are active
The liability in inventory models decide of “how much or how many” of inventory items to order.The economic order quantity (EOQ) varies from one model to another, depending on assumptions and variables.This paper has developed the EOQ in deterministic inventory model of multi-item when the objective...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/16803/1/8.pdf |
| _version_ | 1825803769051348992 |
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| author | Ghafour, Karzan Mahdi Ramli, Razamin Zabidi, Nerda Zura |
| author_facet | Ghafour, Karzan Mahdi Ramli, Razamin Zabidi, Nerda Zura |
| author_sort | Ghafour, Karzan Mahdi |
| collection | UUM |
| description | The liability in inventory models decide of “how much or how many” of inventory items to order.The economic order quantity (EOQ) varies from one model to another, depending on assumptions and variables.This paper has developed the EOQ in deterministic inventory model of multi-item when the objective function is subjected to investment and capacity of shortage space constraints.The constraints are assumed to be active if the left hand side does not satisfy the right hand side condition.Thus, Lagrange method is used to find the new multi-item EOQ in each four models with each constraint to achieve the new formula of EOQ. |
| first_indexed | 2024-07-04T06:03:12Z |
| format | Conference or Workshop Item |
| id | uum-16803 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:03:12Z |
| publishDate | 2015 |
| record_format | eprints |
| spelling | uum-168032016-04-27T02:42:41Z https://repo.uum.edu.my/id/eprint/16803/ Development of multi-item EOQ when the constraints of investment and storage capacity are active Ghafour, Karzan Mahdi Ramli, Razamin Zabidi, Nerda Zura QA Mathematics The liability in inventory models decide of “how much or how many” of inventory items to order.The economic order quantity (EOQ) varies from one model to another, depending on assumptions and variables.This paper has developed the EOQ in deterministic inventory model of multi-item when the objective function is subjected to investment and capacity of shortage space constraints.The constraints are assumed to be active if the left hand side does not satisfy the right hand side condition.Thus, Lagrange method is used to find the new multi-item EOQ in each four models with each constraint to achieve the new formula of EOQ. 2015-12-11 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/16803/1/8.pdf Ghafour, Karzan Mahdi and Ramli, Razamin and Zabidi, Nerda Zura (2015) Development of multi-item EOQ when the constraints of investment and storage capacity are active. In: 2nd Innovation and Analytics Conference & Exhibition (IACE 2015), 29 September –1 October 2015, TH Hotel, Alor Setar, Kedah, Malaysia. http://doi.org/10.1063/1.4937024 doi:10.1063/1.4937024 doi:10.1063/1.4937024 |
| spellingShingle | QA Mathematics Ghafour, Karzan Mahdi Ramli, Razamin Zabidi, Nerda Zura Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title | Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title_full | Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title_fullStr | Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title_full_unstemmed | Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title_short | Development of multi-item EOQ when the constraints of investment and storage capacity are active |
| title_sort | development of multi item eoq when the constraints of investment and storage capacity are active |
| topic | QA Mathematics |
| url | https://repo.uum.edu.my/id/eprint/16803/1/8.pdf |
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