Innovative Approach of EOQ Structure for Decaying Items with Time Sensitive Demand, Cash- Discount, Shortages and Permissible Delay in Payments

Tripathi, R. P.

doi:10.1007/s40819-021-01003-8

Cited by 4 publications

(1 citation statement)

References 35 publications

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“…Chen et al [14] implemented a retailer's economic order quantity when the supplier offers a conditionally permissible delay in payments linked to order quantity. Tripathi [15] computed an innovative approach to the EOQ structure for decaying items with time-sensitive demand, cash discounts, shortages, and a permissible delay in payments. Ghiami et al [16] organized a two-echelon inventory model for a deteriorating item with stock-dependent demand, partial backlogging, and capacity constraints.…”

Section: Introductionmentioning

confidence: 99%

An EOQ Model Under the Condition of Permissible Delay in Payments with Allowed Stock-Out Cost and Lead Time

2024

Contemp. Math.

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From this present study, derive the two consecutive demands between the time intervals: economic order quantity and total annual variable cost. The solution for this inventory model is optimizing the total annual variable cost. Here, given an arithmetical example and sensitivity analysis for the provision of the inventory model, assume the planning horizon and replenishment rate are infinite. To the best of our knowledge, this is the first study to find out the total annual variable cost using various costs under the condition of a permissible delay in payments with an allowed stock-out cost and lead time.

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Section: Introductionmentioning

confidence: 99%

An EOQ Model Under the Condition of Permissible Delay in Payments with Allowed Stock-Out Cost and Lead Time

2024

Contemp. Math.

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Uncertain Economic Order Quantity Model for Perishable Items with Shelf Life

Yang¹,

Sheng²

2022

Communications in Computer and Information Science

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Analysis of Management Elements in Antibiotic Inventory Control with EOQ and MMSL Methods at Aisyiyah Bojonegoro Hospital

2023

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Inventory control is important in managerial activities because it involves investment and is hospitals' most significant expenditure component. The Aisyiyah Bojonegoro Hospital requires a logistics management system that can maintain the safety and effectiveness of the use of drugs for the smooth running of hospital pharmaceutical services in the long term. This analytical observational study analyzes management elements in controlling antibiotic inventory by simulating the Economic Order Quantity (EOQ) and Minimum-Maximum Stock Level (MMSL) methods. Determination of the sample purposively, i.e., 17 types of antibiotic drugs category A from the results of the ABC analysis, with the inclusion criteria being high cost, high volume, clinically important drugs for antibiotic drugs that are included in the 2020 Hospital Formulary and the exclusion criteria are drugs with inadequate supply. The analysis technique used the Mann-Whitney test and the Kruskal-Wallis test. Based on the results of the study, it was concluded that. Applying the EOQ and MMSL methods has been proven to increase the efficiency and effectiveness of the supply of category A antibiotics at Aisyiyah Bojonegoro Hospital.

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Innovative Approach of EOQ Structure for Decaying Items with Time Sensitive Demand, Cash- Discount, Shortages and Permissible Delay in Payments

Cited by 4 publications

References 35 publications

An EOQ Model Under the Condition of Permissible Delay in Payments with Allowed Stock-Out Cost and Lead Time

An EOQ Model Under the Condition of Permissible Delay in Payments with Allowed Stock-Out Cost and Lead Time

Uncertain Economic Order Quantity Model for Perishable Items with Shelf Life

Analysis of Management Elements in Antibiotic Inventory Control with EOQ and MMSL Methods at Aisyiyah Bojonegoro Hospital

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