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Comparing EOQ and POQ in Lumpy Demand by Filscha Osbourne Nurprihatin is a document available to read on EtoBox.
What is Comparing EOQ and POQ in Lumpy Demand about?
1. The document discusses comparing probabilistic economic order quantity and periodic order quantity models for inventory planning under lumpy demand conditions. 2. It aims to minimize production costs by simulating future demand using material requirements planning and forecasting demand using ARIMA. 3. The analysis finds that periodic order quantity produces the lowest costs for most items, while probabilistic economic order quantity is best for one item. Proper inventory planning methods can reduce co
- Author
- Filscha Osbourne Nurprihatin
- Language
- EN