Title :
The Model Study of General Inventory Order Model in Supply Chain
Author :
Hualing, Liu ; Cihai, Sun ; Li, Xiongyi ; Huarui, Liu
Author_Institution :
Shanghai Inst. of Foreign Trade, Shanghai, China
Abstract :
The inventory and procuring decisions are very important to any enterprise. This paper constructs the operational coefficient order model on the basis of profit-making efficiency and the comprehensive classification order model, through the analysis of general inventory order model starting from economic order quantity model. These models have some commonality and guidance and are given to point out the scope of the validity. The results from numerical examples illustrate the effectiveness of the proposed method.
Keywords :
industrial economics; inventory management; order processing; profitability; supply chain management; comprehensive classification order model; economic order quantity model; enterprise; general inventory order model; operational coefficient order model; procuring decision; profit-making efficiency; supply chain; Analytical models; Economics; Manifolds; Numerical models; Procurement; Supply chains; economic order quantity; inventory model; supply chain;
Conference_Titel :
Business Computing and Global Informatization (BCGIN), 2011 International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4577-0788-9
Electronic_ISBN :
978-0-7695-4464-9
DOI :
10.1109/BCGIn.2011.52
