Publisher Summary This chapter focuses on the mathematical models for controlling the
inventory of a single product. Models with constant demand rates, models with deterministic …

Authored by a team of experts, the new edition of this bestseller presents practical
techniques for managing inventory and production throughout supply chains. It covers the …

Economic lot sizing and batching models often assume reliable manufacturing facilities. In
this research, we focus on the effects of machine breakdowns and corrective maintenance …

Abstract The standard Economic Order Quantity (EOQ) model is a cornerstone of inventory
management. It is one of the oldest and highly recognized models in business and …

The problem of determining the optimal order quantities for an inventoried item, when the
vendor offers a limited-time price reduction is both interesting and important. It is interesting …

Two of the basic assumptions of economic order quantity models are an infinite horizon and
static costs. In this paper, both assumptions are relaxed and results on the form of the …

A constant unit purchase cost is one of the main assumptions in the classic Economic Order
Quantity model. In practice, suppliers sometimes face a known price increase. In this paper …

An important characteristic of high-tech industries is decreasing component prices over time.
In the personal computer industry, some component prices decline at a rate of 1% per week …

In this paper, we develop an inventory model for determining the optimal ordering policies
for a buyer who operates an inventory policy based on an EOQ-type model with planned …

This paper presents a review of the literature available on inventory policies under
incentives on a one time only basis. It is quite a common industrial practice to offer special …