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The resource constrained single-item inventory problem with demand-dependent unit cost

K. A. M. Kotb

Abstract

In this paper, we present an economic order quantity (EOQ) with both demand-dependent unit cost and restrictions. An analytical solution of the EQO is derived using a recent and simple method, which isthe geometric programming approach. The EOQ inventory model with demand-dependent unit cost without any restriction and the classical EOQ inventory model are obtained.

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Available abstract

Key concepts: Economic order quantity, Unit (ring theory), Inventory cost, Resource (disambiguation), Order (exchange), Holding cost, Simple (philosophy), Mathematical optimization