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3 articles for “economic order quantity (EOQ) inventory management”
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Smart Supply Chain Inventory Management Using Blockchain Technology
Abstract: This study examines the significant potential of blockchain technology in enhancing smart supply chain inventory management. It tackles ongoing issues like inconsistent inventory records, data update delays, and high operational costs due to manual processes and the involvement of intermediaries. Blockchain uses a decentralized and immutable ledger to provide all participants in the supply chain with real-time access to accurate data, promoting transparency and reducing discrepancies. The research emphasizes the …
Published in Journal of Advanced Database Management & Systems · Vol. 12, Issue 1, 2025 · pp. 1–6 Read article
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Comparative Performance Study: Deterministic vs. Probabilistic Models in Retail Chains
Abstract: The finished goods, raw materials, and product stock that a business has on hand for sale are referred to as inventory. They enable the companies to achieve their sales levels and are a chance to cost control and decision making. It is a huge asset to a manufacturing firm. Inventory model permits forecasting of quantities of raw material, inventory and spare parts of the equipment to a very high level …
Published in Recent Trends in Mathematics · Vol. 2, Issue 1, 2025 · pp. 1–6 Read article
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A Sustainable EOQ Model for Declining Products Incorporating Cubic Demand, Variable Deterioration, Partial Backlogging, and Carbon Emission Optimization
Abstract: In this paper proposes a sustainable Economic Order Quantity (EOQ) model for inventory systems involving decaying items under cubic time-dependent demand, variable decaying rates, and partial backlogging while absolutely considering carbon emission costs. The model reflects practical market actions where demand initially increases and afterwards declines over time, and decay depends on the age of the item. To demonstrate the current model's applicability as well as evaluate the trade-off between …
Published in International Journal of Industrial and Product Design Engineering · Vol. 4, Issue 1, 2026 · pp. 20–28 Read article