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Multi-item EOQ inventory model with varying holding cost under two restrictions: A geometric programming approach

M.O. Abou-El-Ata, K. A. M. Kotb

Open publisher page 49 citations

Abstract

In this paper we provide a simple method to determine the inventory policy of multiple items having varying holding cost using a geometric programming approach. The varying holding cost is considered to be a continuous function of the order quantity. The EOQ inventory model with constant holding cost and the classical EOQ inventory model without constraints are derived.

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What this paper is about

In this paper we provide a simple method to determine the inventory policy of multiple items having varying holding cost using a geometric programming approach. The varying holding cost is considered to be a continuous function of the order quantity. The EOQ inventory model with constant holding cost and the classical EOQ inventory model without constraints are derived.

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OpenAlex reports 49 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

In this paper we provide a simple method to determine the inventory policy of multiple items having varying holding cost using a geometric programming approach. The varying holding cost is considered to be a continuous function of the order quantity. The EOQ inventory model with constant holding cost and the classical EOQ inventory model without constraints are derived.

Key concepts: Economic order quantity, Inventory cost, Holding cost, Geometric programming, Constant (computer programming), Function (biology), Order (exchange), Simple (philosophy)

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