Applications of EOQ Technique to Reduce Inventory Costs in Industrial Sectors: A Case Study on a Water Desalination and Bottling Plant in Libya
| المصدر: | مجلة البحوث العلمية |
|---|---|
| الناشر: | جامعة أفريقيا للعلوم الإنسانية والتطبيقية |
| المؤلف الرئيسي: | Abogrean, Elbahlul M. (Author) |
| مؤلفين آخرين: | Jaluta, Adel M. (Co-Author) |
| المجلد/العدد: | مج5, ع10 |
| محكمة: | نعم |
| الدولة: |
ليبيا |
| التاريخ الميلادي: |
2020
|
| الصفحات: | 125 - 130 |
| رقم MD: | 1124840 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | HumanIndex |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
EOQ Model | Raw Materials | Water Desalination | Bottling Plant
|
| رابط المحتوى: |
عدد مرات التحميل
4
| المستخلص: |
The purpose of this paper is to minimize the total cost of raw material inventory for water desalination and bottling plant resulting in a more profitable approach in accordance with the production needs. The classical application of Economic Order Quantity is used to support this paper and in order to reduce the costs related to inventory. For this purpose, this method generates a minimum total inventory cost by finding when ordering cost and carrying cost are equal. From this result, the inventory level and the number of raw material demand become more economically suitable with the production needs. It is because this method applies two types of cost, carrying cost and ordering cost that make the total inventory cost more productive. So, this method can be used to get the most economical total inventory cost and reduce storage cost swelling. And hence, decreasing costs means that more profit is achieved. |
|---|
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