title   
  

A general framework for economic order quantity models with discounts and transportation costs

Birbil, Ş. İlker and Bülbül, Kerem and Frenk, Hans and Mulder, H. M. (2012) A general framework for economic order quantity models with discounts and transportation costs. (Submitted)

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Abstract

We propose a general framework for economic order quantity type models with unit out-of-pocket holding costs, unit opportunity costs of holding, fixed ordering costs, and general transportation costs. For these models, we analyze the associated optimization problem and derive an easy procedure for determining a bounded interval containing the optimal cycle length. Also for a special class of transportation functions, like the carload discount schedule, we specialize these results and give fast and easy algorithms to calculate the optimal lot size and the corresponding optimal order-up-to-level.

Item Type:Article
Uncontrolled Keywords:Inventory; EOQ-type model; transportation cost function; upper bounds; exact solution
Subjects:T Technology > T Technology (General) > T055.4-60.8 Industrial engineering. Management engineering
T Technology > T Technology (General) > T055.4-60.8 Industrial engineering. Management engineering > T57.6-57.97 Operations research. Systems analysis
ID Code:19369
Deposited By:Kerem Bülbül
Deposited On:27 Sep 2012 23:24
Last Modified:15 Jan 2014 20:48

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