Improvement of Procedure for Simultaneous Decision of Economic Order Quantity and Economic Reorder Point

The continuous-review (Q, r) inventory model for simultaneously determining economic order quantity and economic reorder point has been considered. In this paper, we investigate an improvement in the basic continuous-review (Q, r) inventory model. Further, an additional procedure to obtain a feasibl...

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Bibliographic Details
Published inJournal of Japan Industrial Management Association Vol. 65; no. 2; pp. 110 - 113
Main Authors ARIZONO, Ikuo, NISHIKAWA, Yuma, KATO, Wakana, TAKEMOTO, Yasuhiko
Format Journal Article
LanguageJapanese
Published Japan Industrial Management Association 2014
Subjects
economic order quantity
economic reorder point
simultaneous decision
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Summary:The continuous-review (Q, r) inventory model for simultaneously determining economic order quantity and economic reorder point has been considered. In this paper, we investigate an improvement in the basic continuous-review (Q, r) inventory model. Further, an additional procedure to obtain a feasible solution based on the continuous-review (Q, r) inventory model is proposed.
ISSN:1342-2618
2187-9079
DOI:10.11221/jima.65.110