The classic Economic Order Quantity model assumes that an order is paid for at the time of its receipt. In practice, suppliers may require purchasers to pay a fraction of the order’s cost in advance and sometimes allow them to divide the prepayment into multiple equalsized parts to be paid during a fixed lead time. In this paper, an EOQ model with multiple prepayments under three different cond...

Abstract Inventory control and management is an important task for every organization, wherein they need to determine the order quantity period maintain enough inventory meet demand. The original Economic Order Quantity (EOQ) model was developed by Ford W. Harris address this problem optimal that helps in optimizing cost incurred organization. Even though gives a very good approximation on thes...

: This research discusses the design of a spare part inventory control information system in car workshop using Economic Order Quantity (EOQ) method. method functions as an optimization by minimizing and ordering costs, well avoiding excess or shortage inventory. The author designed PHP programming language MySQL database to facilitate website development process. Testing was carried out testin...

Economic analysis plays a pivotal role in the management of medical store. The main objectives of this study were to consider always better control-vital, essential and desirable (ABC-VED) analysis with economic order quantity (EOQ), comparison of indexed cost and the actual cost, and to assess the expenditure for the forthcoming years. Based on cost and criticality, a matrix of nine groups by ...

Raw material procurement policies play an important role in the production activities of a company. In order to maintain customer trust, PT. XYZ is very concerned about quality and timeliness products it produces. This research was conducted analyze raw apply Economic Order Quantity (EOQ) method which considered effective as measure optimize inventory control efforts minimize total costs. study...

Inventory control is a main activity for managing the amount of raw material inventory industry production process. PT. Pertamina RU II Dumai which engaged in oil and gas business activities have used Crude Oil as major fuel Based on preliminary observation, it was found that demand avtur unstable during period 2019-2020, decreasing to 54% whereas diesel increasing 17%. Consequently, this has a...

This paper describes how the proper priority structure of non-linear goal programming (NLGP) model can be selected for obtaining economic order quantity(EOQ) of multi-item inventory problems. In the solution process, sensitivity analysis of the priority under the given weight structure of goals has been performed. A set of solution is obtained. From the solutions, the ideal solution is identifi...