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