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Some basic problems in inventory theory: the financial perspective

Article Abstract:

The standard EOQ (economic order quantity) was studied and evaluated using a financial perspective. Data were compared with results gathered from the Average cost method with considerations of mixed financing or equity and debt. However, an accurate conclusion cannot be derived from the results suggesting further research on the subject. Optimal order size is observed to be greater under an infinite horizon than when under a finite horizon.

Commercial Banks, Commercial Banking, Business Financing, Finance, Corporations, Corporate finance, Costs, Industrial, Industrial costs

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EOQ models for perishable items under stock dependent selling rate

Article Abstract:

Several models characterized by a stock-dependent selling rate and a constant deterioration rate are proposed for inventory control of perishable goods. The models, which features zero lead time replenishments, facilitate the derivation of economic order quantity for maximizing profits in situations wherein there is complete, partial and no backlogging. A sensitivity analysis of the three models is also conducted.

Logistics, Perishable goods, Stockroom keeping, Stockrooms

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Fractional programming approach to two stochastic inventory problems

Article Abstract:

New inventory models are presented for the two common inventories for optimizing two parameters, reorder-point and order-quantity, using fractional programming.

Science & research, Hong Kong, Technology application, Mathematical programming

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