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Research Paper | Statistics | India | Volume 8 Issue 5, May 2019 | Rating: 6.3 / 10
An EOQ Model with Backorder for Two Defective Quality Products
Raina Pandya, Dr. Chirag Trivedi
Abstract: The EOQ model will have a period of its disclosure in two years, as of late still, many experts have been utilizing elective ways to deal with model and explain stock frameworks. The EOQ models have been created utilizing diverse enhancement strategies. Nonetheless, in huge numbers of the works that arrangement with the EOQ with delay purchases for one defective quality product for direct expense is considered. This paper proposes another simple technique which utilizes fundamental ideas of logical backorder for two defective quality products. The proposed technique finds the ideal part size and backordering level considering both straight and settled delay purchases costs. Furthermore, this paper exhibits a survey of the distinctive enhancement techniques used in inventory hypothesis.
Keywords: Economic order quantity, Economic production quantity, Backorders
Edition: Volume 8 Issue 5, May 2019
Pages: 1121 - 1123