Ford Whitman Harris first presented the familiar economic order quantity (EOQ) model in a paper published in 1913. Even though Harris's original paper was disseminated widely, it apparently was unnoticed for many years before its rediscovery in 1988. During this period much confusion developed over the origin of the EOQ model. This paper explores the early literature on this model and traces th...

The economic order quantity (EOQ) and the economic production quantity (EPQ) are well-known and commonly used inventory control techniques. The standard results are easy to apply but are based on a number of unrealistic assumptions. One of the assumption is that the demand is normally distributed in any interval. In several practical cases the assumption about independence of successive demands...

In the present paper, an inventory model without shortages has been considered in a fuzzy environment. Our goal is to determine the optimal total cost and the optimal order quantity for the proposed inventory model. The Trapezoidal fuzzy numbers have been introduced in order to achieve this goal. The computation of economic order quantity (EOQ) is carried out through defuzzification process by ...

In this note, we consider a variation of the economic order quantity (EOQ) model where cumulative holding cost is a nonlinear function of time. This problem has been studied by Weiss (1982), and we here show how it is an approximation of the optimal order quantity for perishable goods, such as milk, and produce, sold in small to medium size grocery stores where there are delivery surcharges due...

This paper seeks the critical factors for a correct choice in the components set up along the supply chain. ABC classification was made for all the suppliers according to the supplied items for the company. After a demand analysis, the seasonal nature and trend during the timeline, we used the last four years registers where is shown a decreasing behavior in 30% of the items; Economic Order Qua...