APPLICATION OF ECONOMIC ORDER QUANTITY MODEL FOR THE PURCHASE AND GROWTH OF ORGANIC POULTRY WITH INCREMENTAL QUANTITY DISCOUNTS
ABSTRACT The purpose of the study is to develop a lot sizing model for growing chickens if the supplier of the products offers incremental quantity discounts. A mathematical model was derived to determine the Optimal Inventory Policy which minimizes the total inventory cost in both the owned and rented facilities. A solution procedure for solving the model is developed and illustrated through a numerical example. Sensitivity Analysis was performed to ...
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