A Note on Fixed and Minimum Order Quantity Stock Systems
作者:
SnyderRalph D.,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1974)
卷期:
Volume 25,
issue 4
页码: 635-639
ISSN:0160-5682
年代: 1974
DOI:10.1057/jors.1974.111
出版商: Taylor&Francis
数据来源: Taylor
摘要:
AbstractIt is often believed that the square root formula called the EOQ only applies to situations where customers demand small quantities at a fairly constant rate. This note shows that essentially the same formula can be derived for "lumpy" customer orders occurring at a variable rate. Also, as the EOQ is derived assuming that a fixed quantity is always ordered for replenishment it does not allow for the over-shoot when customer orders exceed the available stock. This note shows that when the EOQ is large relative to the average customer order the overshoot problem can be ignored. However, when the EOQ is small some tentative results involving exponentially distributed customer order quantities indicate that substantial savings can be made using a "minimum order quantity" policy.
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