Abstract
Discusses the Economic Batch Quantity (EBQ) model with uniform, deterministic and finite production rate and demand. The EBQ, which minimizes the total annual cost comprising setup cost, and inventory holding cost is derived. The operation of EBQ system under non?zero constant lead time is discussed. Finally, a brief discussion of EBQ for multiple items produced on the same equipment is made.
Additional Information
| Product Type | Technical Note |
|---|---|
| Reference No. | PROD0175(B)TEC |
| Title | Basic Inventory Models Part II: Economic Batch Quantity (EBQ) Models |
| Pages | 6 |
| Published on | Jan 1, 1982 |
| Authors | Shukla, P R; |
| Area | Production Management (PROD) |
| Discipline | Operations Management, Quantitative Methods |
| Sector | Miscellaneous |
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