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

fYear

2011

fDate

29-31 July 2011

Firstpage

177

Lastpage

180

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/BCGIn.2011.52

Filename

6003852