A Precise EOQ Model for Seasonal Demand Variations
Variations in seasonal demand may persist in many high-tech industries. However, the classical EOQ model is not suitable for solving seasonal demand variations optimality. In view of such problem, this paper proposes a precise EOQ model with a fixed periodic review policy that yields a precise solution for treating seasonal demand variations. The precise solution thus obtained helps decision-makers make the best possible decision for their inventory problems with seasonal demand variations. Finally, an illustrative example and computational experience are added to demonstrate the usefulness and superiority of the proposed precise model.
EOQ Seasonal demand variations
Ching-Ter Chang Yu-Chun Lin
Department of Information Management Chang Gung University, Tao-Yuan, Taiwan Department of Accounting, National Chengchi University, Taipei, Taiwan
国际会议
The Third International Conference on Operations and Supply Chain Management(第三届运营与供应链管理国际会议)
武汉
英文
83-89
2009-07-28(万方平台首次上网日期,不代表论文的发表时间)