A stochastic goal-based economic order quantity model for multi-item inventory
The classical Economic Order Quantity (EOQ) assumes constant demand for a single item. This paper proposes a multiobjective goal programming model to optimize the EOQ of multiple items under stochastic demand. Adopting Markov chain methodologies, the model initially defines the demand transition mat...
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Main Author: | |
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Format: | Article |
Language: | English |
Published: |
Ayandegan Institute of Higher Education,
2024-12-01
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Series: | International Journal of Research in Industrial Engineering |
Subjects: | |
Online Access: | https://www.riejournal.com/article_200412_17e63007602b435c397550e58220d22d.pdf |
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