Tradeoff Analysis for Optimal Multiobjective Inventory Model

Deterministic inventory model, the economic order quantity (EOQ), reveals that carrying inventory or ordering frequency follows a relation of tradeoff. For probabilistic demand, the tradeoff surface among annual order, expected inventory and shortage are useful because they quantify what the firm mu...

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Bibliographic Details
Main Authors: Longsheng Cheng, Ching-Shih Tsou, Ming-Chang Lee, Li-Hua Huang, Dingwei Song, Wei-Shan Teng
Format: Article
Language:English
Published: Wiley 2013-01-01
Series:Journal of Applied Mathematics
Online Access:http://dx.doi.org/10.1155/2013/619898
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