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An examination of inventory and production costs in the models with stock out risk under JIT system

Author

Listed:
  • Ruchira Chakrabarty
  • Tapan Roy
  • Kripasindhu S. Chaudhuri

Abstract

This paper develops a new EMQ-JIT and EOQ-JIT cost indifference point equations considering stock out risk and other several factors transportation and space cost savings. Again, the price discount system has been taken into account under EOQ purchasing. So, the main purpose of this paper is to establish a cost comparison of the classic EMQ and EOQ model and revised EMQ/JIT and EOQ/JIT model.

Suggested Citation

  • Ruchira Chakrabarty & Tapan Roy & Kripasindhu S. Chaudhuri, 2017. "An examination of inventory and production costs in the models with stock out risk under JIT system," International Journal of Business Forecasting and Marketing Intelligence, Inderscience Enterprises Ltd, vol. 3(3), pages 259-269.
    • Handle: RePEc:ids:ijbfmi:v:3:y:2017:i:3:p:259-269
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    Cited by:

    1. Bingtao Quan & Sujian Li & Kuo-Jui Wu, 2022. "Optimizing the Vehicle Scheduling Problem for Just-in-Time Delivery Considering Carbon Emissions and Atmospheric Particulate Matter," Sustainability, MDPI, vol. 14(10), pages 1-19, May.

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