Title :
Note on EOQ Model with Stock-Dependent Demand
Author :
Ou, Jian ; Min, Jie
Author_Institution :
Dept. of Comput. Sci. & Technol., Univ. of Sci.&Technol. of China, Hefei, China
Abstract :
In 1988, Baker and Urban presented an inventory model with stock dependent selling rate. First, this paper develops the existence and uniqueness of the solution to the problem. Second, this paper explains that it is appropriate to use the Newton method to find the optimal solutions of the profit function per unit time.
Keywords :
Newton method; demand forecasting; inventory management; EOQ model; Newton method; economic order quantity; inventory model; profit function per unit time; stock dependent demand; stock dependent selling rate; Computational modeling; Inventory management; Newton method; Optimization; Physics; Silver; inventory; optimization; stock dependent demand;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.1054
