Title :
A Cost Decision Model for Choosing JIT Purchasing or EOQ Purchasing
Author :
Chun-Hua Feng ; Xue-Feng Song
Author_Institution :
Sch. of Manage., China Univ. of Min. & Technol., Xuzhou
Abstract :
Whether to use JIT or EOQ purchasing for a manufacturer is affected by many factors. The total purchasing cost and their cost item is detailed respectively and a difference cost function presented between the EOQ and JIT purchasing. Then the solution and its numerical description are proposed.
Keywords :
decision making; purchasing; EOQ purchasing; JIT purchasing; cost decision model; manufacturer; numerical description; Cost function; Frequency; Investments; Logistics; Production; Supply chain management; Technology management; Transportation; Virtual manufacturing;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.1575
