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Case study about economic order quantities and comparison of results from conventional EOQ model and response surface-based approach
2018
This study involves the implementation of an economic order quantity (EOQ) model which is an inventory control method in a ceramic factory. Two different methods were applied for the calculation of EOQs. The first method is to determine EOQ values using a response surface method-based approach (RSM). The second method uses conventional EOQ calculations. To produce a ceramic product, 281 different and additive materials may be used. First, Pareto (ABC) analysis was performed to determine which
doi:10.24425/119531
fatcat:h37hdznqkbbq5e2pocqe7fsu6a