AN OPTIMIZATION MODEL OF ECONOMIC ORDER QUANTITY (EOQ) WITH FINANCIAL CONSTRAINTS AND MARKET TOLERANCE

Larasati, Rindiana Hanif (2019) AN OPTIMIZATION MODEL OF ECONOMIC ORDER QUANTITY (EOQ) WITH FINANCIAL CONSTRAINTS AND MARKET TOLERANCE. Undergraduate thesis, UNDIP.

[img]
Preview
PDF
279Kb
[img]PDF
Restricted to Repository staff only

2814Kb
[img]
Preview
PDF
307Kb

Abstract

An optimization model of Economic Order Quantity (EOQ) is one of the methods used to determine the inventory order quantity that can be minimize the cost of storage and the cost of ordering supplies. The optimization model in this paper is an optimization model of Economic Order Quantity (EOQ) with financial constraints and market tolerance. Limited capital available per period B B    and 600000 and the advanced payment     0 and 1 are financial constraint. Market tolerance constratins there are two periods of market tolerance T T t t   0 and 0.2 and three levels of backorder c. Based on this model, numerical simulations can be formulated and carried out so that the best optimal solution was obtained when conditions B T      , 1, 0, 0,2   t  with a total cost decrease of 28,92% and total profit increase of 13,37% from the initial condition. Keywords: Advanced payment, Backorders, Budgetary limit, Economic Order Quantity (EOQ), Lost sales, Inventory

Item Type:Thesis (Undergraduate)
Subjects:Q Science > QA Mathematics
Divisions:Faculty of Science and Mathematics > Department of Mathematics
ID Code:84215
Deposited By:Admin Departemen Matematika
Deposited On:11 Jun 2022 15:13
Last Modified:11 Jun 2022 15:13

Repository Staff Only: item control page