An EOQ model with state-dependent demand rate

Oded Berman; David Perry

doi:10.1016/j.ejor.2004.08.035

An EOQ model with state-dependent demand rate

Oded Berman, David Perry

Department of Statistics

Research output: Contribution to journal › Article › peer-review

Abstract

We present an EOQ-type model in which the demand rate is a function of the inventory level. The demand functions and holding cost functions considered are quite general. In particular, we focus on two types of demand rate functions: a piecewise constant function and a family of exponential functions. The paper includes analysis of the problem, optimization and sensitivity analysis. We also extend the model by adding randomness to the order sizes.

Original language	English
Pages (from-to)	255-272
Number of pages	18
Journal	European Journal of Operational Research
Volume	171
Issue number	1
DOIs	https://doi.org/10.1016/j.ejor.2004.08.035
State	Published - 16 May 2006

Keywords

EOQ
Inventory control
State-dependent demand rate

ASJC Scopus subject areas

General Computer Science
Modeling and Simulation
Management Science and Operations Research
Information Systems and Management

Access to Document

10.1016/j.ejor.2004.08.035

Cite this

@article{8e1fa69e80af4005b5a0d6b69b2151f2,

title = "An EOQ model with state-dependent demand rate",

abstract = "We present an EOQ-type model in which the demand rate is a function of the inventory level. The demand functions and holding cost functions considered are quite general. In particular, we focus on two types of demand rate functions: a piecewise constant function and a family of exponential functions. The paper includes analysis of the problem, optimization and sensitivity analysis. We also extend the model by adding randomness to the order sizes.",

keywords = "EOQ, Inventory control, State-dependent demand rate",

author = "Oded Berman and David Perry",

year = "2006",

month = may,

day = "16",

doi = "10.1016/j.ejor.2004.08.035",

language = "English",

volume = "171",

pages = "255--272",

journal = "European Journal of Operational Research",

issn = "0377-2217",

publisher = "Elsevier",

number = "1",

}

TY - JOUR

T1 - An EOQ model with state-dependent demand rate

AU - Berman, Oded

AU - Perry, David

PY - 2006/5/16

Y1 - 2006/5/16

N2 - We present an EOQ-type model in which the demand rate is a function of the inventory level. The demand functions and holding cost functions considered are quite general. In particular, we focus on two types of demand rate functions: a piecewise constant function and a family of exponential functions. The paper includes analysis of the problem, optimization and sensitivity analysis. We also extend the model by adding randomness to the order sizes.

AB - We present an EOQ-type model in which the demand rate is a function of the inventory level. The demand functions and holding cost functions considered are quite general. In particular, we focus on two types of demand rate functions: a piecewise constant function and a family of exponential functions. The paper includes analysis of the problem, optimization and sensitivity analysis. We also extend the model by adding randomness to the order sizes.

KW - EOQ

KW - Inventory control

KW - State-dependent demand rate

UR - http://www.scopus.com/inward/record.url?scp=28044454360&partnerID=8YFLogxK

U2 - 10.1016/j.ejor.2004.08.035

DO - 10.1016/j.ejor.2004.08.035

M3 - Article

AN - SCOPUS:28044454360

SN - 0377-2217

VL - 171

SP - 255

EP - 272

JO - European Journal of Operational Research

JF - European Journal of Operational Research

IS - 1

ER -

An EOQ model with state-dependent demand rate

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this