Economic order quantity (EOQ) versus just‐in‐time (JIT) purchasing: an alternative analysis in the ready‐mixed concrete industry

W Min, L Sui Pheng - Construction Management and Economics, 2005 - Taylor & Francis
The literature on the use of just‐in‐time (JIT) and economic order quantity (EOQ) purchasing
has increasingly favoured JIT in recent years, especially when firms are purchasing to meet …

EOQ with a price discount versus JIT purchasing: an alternative analysis in the ready-mixed concrete industry

W Min, LS Pheng - Journal of Construction Research, 2005 - World Scientific
The successful implementation of just-in-time (JIT) purchasing policy in many industries has
prompted many companies that still use the economic order quantity (EOQ) purchasing …

EOQ, JIT and fixed costs in the ready-mixed concrete industry

W Min, LS Pheng - International Journal of Production Economics, 2006 - Elsevier
The successful implementation of just-in-time (JIT) purchasing policy in many industries has
prompted many companies that still use the economic order quantity (EOQ) purchasing …

Modeling just-in-time purchasing in the ready mixed concrete industry

W Min, LS Pheng - International journal of production economics, 2007 - Elsevier
The currently available economic order quantity–just-in-time (EOQ–JIT) cost indifference
point models suggest that the JIT purchasing approach is always preferred to the EOQ …

Modeling stockout risk and JIT purchasing in ready-mixed concrete batching plants

M Wu, Q Shen, M Xu, D Wu - International Journal of Production Economics, 2013 - Elsevier
A model for comparing the inventory costs of purchasing under an economic order quantity
(EOQ) with a price discount system and a just-in-time (JIT) order purchasing system …

Just‐in‐time management in the ready mixed concrete industries of Chongqing, China and Singapore

LS Pheng, W Min - Construction Management and Economics, 2005 - Taylor & Francis
Implementing just‐in‐time (JIT) management in the ready mixed concrete (RMC) industry
seems viable. It has been observed previously by others that the current practices for …

Re‐modelling EOQ and JIT purchasing for performance enhancement in the ready mixed concrete industries of Chongqing, China and Singapore

W Min, LS Pheng - International Journal of Productivity and …, 2005 - emerald.com
To develop just‐in‐time (JIT) purchasing threshold value (JPTV) models for ready mixed
concrete (RMC) suppliers to decide whether or not to switch from an economic order …

Economic order quantity and storage size—some considerations

SS Rao, H Bahari-Kashani - Engineering Costs and Production Economics, 1990 - Elsevier
Despite the emphasis on and success of Just-in-Time (JIT), and the drive towards zero
inventories implying lot sizes of one, companies for the time being still have to deal with lot …

A comparative analysis of inventory costs of JIT and EOQ purchasing

F Fazel - International Journal of Physical Distribution & …, 1997 - emerald.com
Presents a mathematical model to assist companies in their decision to switch from the
economic order quantity (EOQ) to the just‐in‐time (JIT) purchasing policy. Determines an …

Just-in-time application and implementation for building material management

A Akintoye - Construction management and economics, 1995 - Taylor & Francis
Materials constitute a huge proportion of the cost of construction. Materials are sometimes
ordered weeks or even months ahead of requirement leading to uneconomical inventory on …