DETERMINATION OF EOQ OF MULTI-ITEM INVENTORY PROBLEMS THROUGH NONLINEAR GOAL PROGRAMMING WITH PENALTY FUNCTION

S. Panda (), K. Banerjee and M. Basu ()
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S. Panda: Department of Mathematics, Bengal Institute of Technology, 1. no. Govt. Colony, Kolkata 700150, West Bengal, India
K. Banerjee: Department of Mathematics, University of Kalyani, Kalyani 741235, West Bengal, India
M. Basu: Department of Mathematics, University of Kalyani, Kalyani 741235, West Bengal, India

Asia-Pacific Journal of Operational Research (APJOR), 2005, vol. 22, issue 04, 539-553

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.

Keywords: EOQ; NLGP; penalty functions (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0217595905000728

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