This paper tries to incorporate both Huang s model [Y.F. Huang, Optimal retailer s ordering policies in the EOQ model under trade credit financing, J. Oper. Res. Soc. 54 (2003) 1011–1015] and Teng s model [J.T. Teng, On the economic order quantity under conditions of permissible delay in payments, J. Oper. Res. Soc. 53 (2002) 915–918] by considering the retailer s storage space limited to refle...

This section is devoted to the Economic Production Quantity (EPQ) model, its specialization to the Economic Order Quantity (EOQ) model and its extension to allow backorders. The next section deals with multiple products. The primary driver to hold inventories is the presence of a fixed production/ordering cost that is incurred every time a positive number of units are produced/ordered. We wish ...

Inventory control can be done by reducing the cost of inventory and number ordering frequencies economically. PT Tanjung Globalindo Utama or Toko TODA is an oil accessory retail store that provides various needs. Some problems are late delivery goods from suppliers, so for several days company cannot operate optimally. On other hand, has also experienced excess merchandise, wastes due to mercha...

Indonesia is a country with very rapidly developing economy in the manufacturing sector that produces furniture products. The existence of fierce competition between companies and limited supply raw materials makes need for production process uncontrollable so desired goals company cannot be achieved. One factors greatly influences regarding problem material inventory levels. issue important an...

The traditional Economic Order Quantity (EOQ) model ignores the physical limitations of distribution practices. Very often distribution centers (DC) have to deliver merchandize in manufacturer-specified packages, which can impose restrictions on the application of the economic order quantity. These manufacturer-specified packages, or ship-packs, include cases (e.g., cartons containing 24 or 48 ...