Loading...
Please wait, while we are loading the content...
Similar Documents
On EOQ cost models with arbitrary purchase and transportation costs
| Content Provider | Semantic Scholar |
|---|---|
| Author | Birbil, Ş. İlker Bülbül, Kerem Frenk, J. B. G. Mulder, Hugo M. |
| Copyright Year | 2015 |
| Abstract | We analyze an economic order quantity cost model with unit out-of-pocket holding costs, unit opportunity costs of holding, fixed ordering costs, and general purchase-transportation costs. We identify the set of purchase-transportation cost functions for which this model is easy to solve and related to solving a one-dimensional convex minimization problem. For the remaining purchase-transportation cost functions, when this problem becomes a global optimization problem, we propose a Lipschitz optimization procedure. In particular, we give an easy procedure which determines an upper bound on the optimal cycle length. Then, using this bound, we apply a well-known technique from global optimization. Also for the class of transportation functions related to full truckload (FTL) and less-than-truckload (LTL) shipments and the well-known carload discount schedule, we specialize these results and give fast and easy algorithms to calculate the optimal lot size and the corresponding optimal order-up-to-level. |
| Starting Page | 1211 |
| Ending Page | 1245 |
| Page Count | 35 |
| File Format | PDF HTM / HTML |
| DOI | 10.3934/jimo.2015.11.1211 |
| Volume Number | 11 |
| Alternate Webpage(s) | http://research.sabanciuniv.edu/24436/1/EOQWithTransportation.pdf |
| Alternate Webpage(s) | https://research.sabanciuniv.edu/27180/1/EOQWithTransportation.pdf |
| Alternate Webpage(s) | http://www.optimization-online.org/DB_FILE/2010/04/2600.pdf |
| Alternate Webpage(s) | http://research.sabanciuniv.edu/22953/1/EOQWithTransportation.pdf |
| Alternate Webpage(s) | http://research.sabanciuniv.edu/27180/1/EOQWithTransportation.pdf |
| Alternate Webpage(s) | https://doi.org/10.3934/jimo.2015.11.1211 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
