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The EOQ Model: A differential cyclic system for calculating Economic Order Quantity
Published in SCIK Publishing Corporation
1905
Abstract
The EOQ model determines the quantity that minimizes the total sum of all cost functions. We suggest a common structure for economic order quantity type non-linear differential models with costs functions with respect to time in a cyclic period. For this model, we analyze the related optimization problem and develop a relaxed method for determining a bounded interval containing the optimal cycle length. Also for a special class of transportation functions, we study these consequences and introduce algorithms to calculate the optimal size and the corresponding optimal order stage.
About the journal
JournalData powered by TypesetInternational Journal of Analysis and Applications
PublisherData powered by TypesetSCIK Publishing Corporation
Open AccessYes