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An EOQ model for stochastic demand for limited capacity of own warehouse

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  • Shib Sana

Abstract

This paper deals with an economic order quantity (EOQ) model for uncertain demand when capacity of own warehouse (OW) is limited and the rented warehouse (RW) is considered, if needed. The expected average cost function is formulated for both continuous and discrete distributions of demand function by trading off holding costs and stock out penalty. The model is justified by suitable illustrations for various types of distributions. Copyright Springer Science+Business Media New York 2015

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  • Shib Sana, 2015. "An EOQ model for stochastic demand for limited capacity of own warehouse," Annals of Operations Research, Springer, vol. 233(1), pages 383-399, October.
    • Handle: RePEc:spr:annopr:v:233:y:2015:i:1:p:383-399:10.1007/s10479-013-1510-5
    DOI: 10.1007/s10479-013-1510-5
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    4. Jiang Wu & Jinn-Tsair Teng & Konstantina Skouri, 2018. "Optimal inventory policies for deteriorating items with trapezoidal-type demand patterns and maximum lifetimes under upstream and downstream trade credits," Annals of Operations Research, Springer, vol. 264(1), pages 459-476, May.
    5. Waqas Ahmed & Muhammad Jalees & Muhammad Omair & Zainab Mukhtar & Muhammad Imran, 2022. "An inventory management for global supply chain through reworking of defective items having positive inventory level under multi-trade-credit-period," Annals of Operations Research, Springer, vol. 315(1), pages 1-28, August.
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    7. Sunil Tiwari & Chandra K. Jaggi & Asoke Kumar Bhunia & Ali Akbar Shaikh & Mark Goh, 2017. "Two-warehouse inventory model for non-instantaneous deteriorating items with stock-dependent demand and inflation using particle swarm optimization," Annals of Operations Research, Springer, vol. 254(1), pages 401-423, July.
    8. Ruihai Li & Jinn-Tsair Teng & Yingfei Zheng, 2019. "Optimal credit term, order quantity and selling price for perishable products when demand depends on selling price, expiration date, and credit period," Annals of Operations Research, Springer, vol. 280(1), pages 377-405, September.
    9. Bikash Koli Dey & Biswajit Sarkar & Sarla Pareek, 2019. "A Two-Echelon Supply Chain Management With Setup Time and Cost Reduction, Quality Improvement and Variable Production Rate," Mathematics, MDPI, vol. 7(4), pages 1-25, April.

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