DETERMINATION OF EOQ OF MULTI-ITEM INVENTORY PROBLEMS THROUGH NONLINEAR GOAL PROGRAMMING WITH PENALTY FUNCTION

This paper proposes a nonlinear goal programming technique for obtaining economic order quantity of multi-item inventory problems. In the decision-making context, penalty functions are incorporated in the goal programming formulation. The proposed technique has been demonstrated via a case study.

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Year of publication:	2005
Authors:	PANDA, S. ; BANERJEE, K. ; BASU, M.
Published in:	Asia-Pacific Journal of Operational Research (APJOR). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-7019. - Vol. 22.2005, 04, p. 539-553
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	EOQ \| NLGP \| penalty functions

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005080672