Effects of errors in the demand and cost parameters in the EOQ model of stock control.

The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ...

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Main Authors: Gooi, Esther Sok Hwa., Lee, May Han Mei., Ng, Hwee Chin.
Other Authors: Walker, John
Format: Final Year Project
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/10716
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Institution: Nanyang Technological University
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spelling sg-ntu-dr.10356-107162023-05-19T03:30:06Z Effects of errors in the demand and cost parameters in the EOQ model of stock control. Gooi, Esther Sok Hwa. Lee, May Han Mei. Ng, Hwee Chin. Walker, John Nanyang Business School DRNTU::Business::Operations management::Inventory control The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ formula. The paper will comprise of two main parts: the literature review from chapter 1 to 5 and the analysis on the sensitivity of the EOQ model in chapter 6 followed by a conclusion. 2008-09-24T07:46:46Z 2008-09-24T07:46:46Z 1999 1999 Final Year Project (FYP) http://hdl.handle.net/10356/10716 Nanyang Technological University application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
topic DRNTU::Business::Operations management::Inventory control
spellingShingle DRNTU::Business::Operations management::Inventory control
Gooi, Esther Sok Hwa.
Lee, May Han Mei.
Ng, Hwee Chin.
Effects of errors in the demand and cost parameters in the EOQ model of stock control.
description The objective of this research paper is to evaluate the resilience of the Economic Order Quantity (EOQ) model towards errors or changes in its decision parameters. It is our intention to first discuss the basic theory of the EOQ model before going in depth to review the various parameters in the EOQ formula. The paper will comprise of two main parts: the literature review from chapter 1 to 5 and the analysis on the sensitivity of the EOQ model in chapter 6 followed by a conclusion.
author2 Walker, John
author_facet Walker, John
Gooi, Esther Sok Hwa.
Lee, May Han Mei.
Ng, Hwee Chin.
format Final Year Project
author Gooi, Esther Sok Hwa.
Lee, May Han Mei.
Ng, Hwee Chin.
author_sort Gooi, Esther Sok Hwa.
title Effects of errors in the demand and cost parameters in the EOQ model of stock control.
title_short Effects of errors in the demand and cost parameters in the EOQ model of stock control.
title_full Effects of errors in the demand and cost parameters in the EOQ model of stock control.
title_fullStr Effects of errors in the demand and cost parameters in the EOQ model of stock control.
title_full_unstemmed Effects of errors in the demand and cost parameters in the EOQ model of stock control.
title_sort effects of errors in the demand and cost parameters in the eoq model of stock control.
publishDate 2008
url http://hdl.handle.net/10356/10716
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