Determination of economic order quantity of multi-item inventory problems through nonlinear goal programming with penalty function

Determination of economic order quantity of multi-item inventory problems through nonlinear goal programming with penalty function

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Article ID: iaor20071082
Country: Singapore
Volume: 22
Issue: 4
Start Page Number: 539
End Page Number: 553
Publication Date: Dec 2005
Journal: Asia-Pacific Journal of Operational Research
Authors: , ,
Keywords: programming: goal
Abstract:

This paper proposes a nonlinear goal programming technique for obtaining economic order quantity of multi-item inventory problems. In the decision-making context, penalty functions are incorporated in the goal programming formulation. The proposed technique has been demonstrated via a case study.

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