Setup cost reduction a multi-stage order quantity model
In this paper, a single item, multi-stage serial order quantity (MSOQ) model with constant demand is discussed. The objective of the model is to minimize the total cost which includes the setup cost and the inventory holding cost. This paper examines and analyses the investment in a one-time cost to...
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| Veröffentlicht in: | Production planning & control 1998-01, Vol.9 (2), p.121-126 |
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| container_title | Production planning & control |
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| creator | Andijani, A. |
| description | In this paper, a single item, multi-stage serial order quantity (MSOQ) model with constant demand is discussed. The objective of the model is to minimize the total cost which includes the setup cost and the inventory holding cost. This paper examines and analyses the investment in a one-time cost to reduce the (current) setup level and adds a per unit item amortization of this cost to the other costs associated with the MSOQ model. We consider the setup cost to be decreased on each stage with the same rate and the cost of the joint setup cost reduction is a logarithmic cost function. |
| doi_str_mv | 10.1080/095372898234334 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0953-7287 |
| ispartof | Production planning & control, 1998-01, Vol.9 (2), p.121-126 |
| issn | 0953-7287 1366-5871 |
| language | eng |
| recordid | cdi_crossref_primary_10_1080_095372898234334 |
| source | Taylor & Francis:Master (3349 titles) |
| subjects | Inventory Multi-stage Serial Lines Setup Cost |
| title | Setup cost reduction a multi-stage order quantity model |
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