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  • 标题:Economic Ordering Quantity Model for Optimal Buyer's Replenishment Policy Considering Expiring Goods
  • 本地全文:下载
  • 作者:Ming-Feng Yang ; Wu-Hsun Chung ; Yen-Ting Chao
  • 期刊名称:Lecture Notes in Engineering and Computer Science
  • 印刷版ISSN:2078-0958
  • 电子版ISSN:2078-0966
  • 出版年度:2018
  • 卷号:2233&2234
  • 页码:980-984
  • 出版社:Newswood and International Association of Engineers
  • 摘要:In this paper, based on the EOQ (Economic Ordering Quantity) model, we focus on the problem of wasting which became more and more serious. Thus, we provided some ideas to avoid wasting before the expiration date in this paper. The expiring goods are divided into two parts, the first is recyclable and contains residual value, and the second is unrecyclable which waiting to be discarded. Therefore, we combined the replenishment and recycling movement over multiple deliveries to reduce the cost, and the residual value of expiring item also could increase profits for buyers. This paper assumed that the ordering cycle is determined by the demand rate, delivery quantity per shipment, and the mathematical expectation of the expiring item rate in a lot. The loss of the expiring goods recycling and defective items processing are counted into the cost. As the result, this paper establish an EOQ inventory model for expiring items with equal-size shipment policy to derive the optimal ordering cycle, ordering quantity, and number of deliveries. In the end, through the theoretical proving procedure and numerical example, then analyze the results.
  • 关键词:Replenishment Policy; Expiring Goods; Defective Item; Economic Ordering Quantity Model;
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