An examination of inventory and production costs in the models with stock out risk under JIT system
by Ruchira Chakrabarty; Tapan Roy; Kripasindhu S. Chaudhuri
International Journal of Business Forecasting and Marketing Intelligence (IJBFMI), Vol. 3, No. 3, 2017

Abstract: This paper develops a new EMQ-JIT and EOQ-JIT cost indifference point equations considering stock out risk and other several factors transportation and space cost savings. Again, the price discount system has been taken into account under EOQ purchasing. So, the main purpose of this paper is to establish a cost comparison of the classic EMQ and EOQ model and revised EMQ/JIT and EOQ/JIT model.

Online publication date: Mon, 24-Jul-2017

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