Economic Order QuantityEOQ = √ ã 2*P*S/CP = Production in Units/monthS = Set-up and Ordering Cost per LotC = Inventory Carrying Costs $/unit/month In the late 1940's, Toyota started in the automotive ...

Many small businesses have their largest single investment in inventory, driven by the owners' desire to meet customers' needs promptly. However, there is a serious downside to this strategy. Dollars ...

As customers demand ever shortening delivery times, the business community face increasing challenges over how to maintain optimum stock levels. For expediency and completeness, supply chain ...

Most continuous time inventory models which allow for the stochastic nature of demands usually include a delivery lag. This disguises a close link between deterministic and stochastic formulations of ...

Managing inventory for a small business is a balancing act with supply and demand on one side and costs on the other. Carrying too much inventory leaves a company with a larger dollar investment and ...

In this paper, optimal inventory lot-sizing models are developed for deteriorating items with general continuous time-varying demand over a finite planning horizon and under three replenishment ...