HIGH ECENTRICITY EOQ TOTAL COST FUNCTION YIELDS JIT RESULTS
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| Format: | Artículo científico |
| Language: | en |
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Universidade FUMEC
2010
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| author | Willian Roach |
| author_facet | Willian Roach |
| contents | HIGH ECENTRICITY EOQ TOTAL COST FUNCTION YIELDS JIT RESULTS Willian Roach Administración y Contabilidad Eccentricity Perishable inventory Economic Order Quantity (EOQ) For perishable inventory, the holding cost H is much larger than anticipated by the classical economic order quantity (EOQ) formula, orders of magnitude larger. For perishable inventory, the EOQ total cost function is pointed rather than flat. This pointed-ness logically causes the EOQ model to yield just in time (JIT) - like results. The pointed-ness (eccentricity) of the EOQ total cost curve depends solely on holding cost H and not annual demand D or batch cost S. D and S determine the level of the TC curve but not the shape. 2010 artículo científico 1517-8900 https://www.redalyc.org/articulo.oa?id=194014448003 en http://www.redalyc.org/revista.oa?id=1940 Revista de Administração FACES Journal application/pdf Universidade FUMEC Revista de Administração FACES Journal (Brasil) Num.2 Vol.9 |
| format | Artículo científico |
| id | redalyc_194014448003 |
| institution | Redalyc |
| language | en |
| publishDate | 2010 |
| publisher | Universidade FUMEC |
| spellingShingle | HIGH ECENTRICITY EOQ TOTAL COST FUNCTION YIELDS JIT RESULTS Willian Roach Administración y Contabilidad Eccentricity Perishable inventory Economic Order Quantity (EOQ) HIGH ECENTRICITY EOQ TOTAL COST FUNCTION YIELDS JIT RESULTS Willian Roach Administración y Contabilidad Eccentricity Perishable inventory Economic Order Quantity (EOQ) For perishable inventory, the holding cost H is much larger than anticipated by the classical economic order quantity (EOQ) formula, orders of magnitude larger. For perishable inventory, the EOQ total cost function is pointed rather than flat. This pointed-ness logically causes the EOQ model to yield just in time (JIT) - like results. The pointed-ness (eccentricity) of the EOQ total cost curve depends solely on holding cost H and not annual demand D or batch cost S. D and S determine the level of the TC curve but not the shape. 2010 artículo científico 1517-8900 https://www.redalyc.org/articulo.oa?id=194014448003 en http://www.redalyc.org/revista.oa?id=1940 Revista de Administração FACES Journal application/pdf Universidade FUMEC Revista de Administração FACES Journal (Brasil) Num.2 Vol.9 |
| title | HIGH ECENTRICITY EOQ TOTAL COST FUNCTION YIELDS JIT RESULTS |
| topic | Administración y Contabilidad Eccentricity Perishable inventory Economic Order Quantity (EOQ) |
| url | https://www.redalyc.org/articulo.oa?id=194014448003 |