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Estimation of Economic Order Quantity with Variable Parameters (Ukraine Case Study)

Received: 31 October 2016     Accepted: 9 February 2017     Published: 4 March 2017
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Abstract

The optimal order quantity is the one of the main logistics tasks that takes place in modern theory and practice. Variety of consumers with its own demand and irregularity of consumption during the year exponentially increase number and times of calculation of economic order quantity. These complicate the EOQ decisions. At the same time, variation of the costs throw this process complicate this tacks exponentially. Using regression model for describe order cost and holding cost per unit simply calculations and consider its variability character.

Published in Science Research (Volume 5, Issue 1)
DOI 10.11648/j.sr.20170501.11
Page(s) 1-5
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Decision, Order, Effectiveness, Logistics, Variable, Logistics, Model

References
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[11] Trippi, R. and Lewin, D. (1974) A Present Value Formulation of the Classical Economic Order Quantity Problem, Decision Sciences, 5(1), p. 30-35. URL: http://www.sigma-research.com/misc/A%20Present%20Value%20Formulation%20of%20the%20Classical%20EOQ%20Problem.htm
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    Andrii Halkin. (2017). Estimation of Economic Order Quantity with Variable Parameters (Ukraine Case Study). Science Research, 5(1), 1-5. https://doi.org/10.11648/j.sr.20170501.11

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    ACS Style

    Andrii Halkin. Estimation of Economic Order Quantity with Variable Parameters (Ukraine Case Study). Sci. Res. 2017, 5(1), 1-5. doi: 10.11648/j.sr.20170501.11

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    AMA Style

    Andrii Halkin. Estimation of Economic Order Quantity with Variable Parameters (Ukraine Case Study). Sci Res. 2017;5(1):1-5. doi: 10.11648/j.sr.20170501.11

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  • @article{10.11648/j.sr.20170501.11,
      author = {Andrii Halkin},
      title = {Estimation of Economic Order Quantity with Variable Parameters (Ukraine Case Study)},
      journal = {Science Research},
      volume = {5},
      number = {1},
      pages = {1-5},
      doi = {10.11648/j.sr.20170501.11},
      url = {https://doi.org/10.11648/j.sr.20170501.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sr.20170501.11},
      abstract = {The optimal order quantity is the one of the main logistics tasks that takes place in modern theory and practice. Variety of consumers with its own demand and irregularity of consumption during the year exponentially increase number and times of calculation of economic order quantity. These complicate the EOQ decisions. At the same time, variation of the costs throw this process complicate this tacks exponentially. Using regression model for describe order cost and holding cost per unit simply calculations and consider its variability character.},
     year = {2017}
    }
    

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    AB  - The optimal order quantity is the one of the main logistics tasks that takes place in modern theory and practice. Variety of consumers with its own demand and irregularity of consumption during the year exponentially increase number and times of calculation of economic order quantity. These complicate the EOQ decisions. At the same time, variation of the costs throw this process complicate this tacks exponentially. Using regression model for describe order cost and holding cost per unit simply calculations and consider its variability character.
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Author Information
  • Department of Transport Systems and Logistics, O. M. Beketov National University of Urban Economy in Kharkiv, Kharkv, Ukraine

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