Artikel
Economic order quantity model for growing items with incremental quantity discounts
Certain inventory items are living organisms, for example livestock, and are therefore capable of growing during the replenishment cycle. These items often serve as various saleable food items downstream in supply chains. The purpose of this paper is to develop a lot sizing model for growing items if the supplier of the items offers incremental quantity discounts. A mathematical model is derived to determine the optimal inventory policy which minimises the total inventory cost in both the owned and rented facilities. A solution procedure for solving the model is developed and illustrated through a numerical example. Sensitivity analysis is performed to demonstrate the response of the order quantity and total costs to some key input parameters. Incremental quantity discounts result in reduced purchasing costs; however, ordering very large quantities has downsides as well. The biggest downsides include the increased holding costs, the risks of running out of storage capacity and item deterioration since the cycle time increases if larger quantities are purchased. Owing to the importance of growing items in the food supply chains, the model presented in this article can be used by procurement and inventory mangers when making purchasing decisions.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Industrial Engineering International ; ISSN: 2251-712X ; Volume: 15 ; Year: 2019 ; Issue: 4 ; Pages: 545-556 ; Heidelberg: Springer
- Klassifikation
-
Management
- Thema
-
Inventory management
Economic order quantity
Growing items
Lot sizing
Incremental quantity discounts
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sebatjane, Makoena
Adetunji, Olufemi
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
- (wo)
-
Heidelberg
- (wann)
-
2019
- DOI
-
doi:10.1007/s40092-019-0311-0
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Sebatjane, Makoena
- Adetunji, Olufemi
- Springer
Entstanden
- 2019
Ähnliche Objekte (12)
Die incremental order quantity : ein kritische Analyse
Economic order quantity model for growing items with imperfect quality
Quantity and quantity value
Optimal Continuous Order Quantity (s,s) Policies
Carbon footprint and order quantity in logistics
Quantity Constrained Equilibria
Chapter III. Quantity.
An economic order quantity model with reverse logistics program
Economic order quantity with partial backordering and sampling inspection
Quantity rationing of credit
Quantity-cum-Quality Contests
A cloudy fuzzy economic order quantity model for imperfect-quality items with allowable proportionate discounts
Die incremental order quantity : ein kritische Analyse
Economic order quantity model for growing items with imperfect quality
Quantity and quantity value
Optimal Continuous Order Quantity (s,s) Policies
Carbon footprint and order quantity in logistics
Quantity Constrained Equilibria
Chapter III. Quantity.
An economic order quantity model with reverse logistics program
Economic order quantity with partial backordering and sampling inspection
Quantity rationing of credit
Quantity-cum-Quality Contests
A cloudy fuzzy economic order quantity model for imperfect-quality items with allowable proportionate discounts
Die incremental order quantity : ein kritische Analyse
Economic order quantity model for growing items with imperfect quality
Quantity and quantity value
Optimal Continuous Order Quantity (s,s) Policies
Carbon footprint and order quantity in logistics
Quantity Constrained Equilibria
Chapter III. Quantity.
An economic order quantity model with reverse logistics program
Economic order quantity with partial backordering and sampling inspection
Quantity rationing of credit
Quantity-cum-Quality Contests