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What is Regression Models for EOQ and ROP Optimization about?
This paper presents a regression analysis approach as an alternative method for determining Economic Order Quantity (EOQ) and Reorder Point, aiming to provide more practical solutions for decision-makers in logistics. The authors conducted simulations to demonstrate the significance of delivery optimization and developed regression models that yield statistically significant results for both EOQ and Reorder Point. The findings suggest that the proposed method can effectively address the complexities of inve
- Author
- Muhammad Adnan Fasa
- Language
- EN