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eoq jit and fixed costs in the readymixed concrete

eoq jit and fixed costs in the readymixed concrete

EOQ, JIT and fixed costs in the ready-mixed concrete ...

2006-7-1  While omitting the “fixed costs” such as rental, utilities and personnel salaries from the cost difference function between the EOQ and JIT system, Fazel et al. (1998) suggested that although the choice of either the EOQ or the JIT system depends on many parameters, an EOQ–JIT cost indifference point (i.e. the level of demand at which the costs were the same) existed between the EOQ system and the JIT

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EOQ, JIT and fixed costs in the Ready-mixed concrete

2012-10-30  EOQ, JIT and fixed costs in the Ready-mixed concrete industry. ABSTRACT:The successful implementation of just-in-time (JIT) purchasing policy inmany industries has prompted many companies that still use the economic orderquantity (EOQ) purchasing policy to ponder if they should switch to the JITpurchasing policy.

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EOQ, JIT and fixed costs in the Ready-mixed concrete ...

Wu, M. and Low, S.P. (2006) EOQ, JIT and fixed costs in the Ready-mixed concrete industry. International Journal of Production Economics, 102 (1). pp. 167-180. ISSN 0925-5273 Full text not archived in this repository. It is advisable to refer to the publisher's version

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EOQ, JIT and fixed costs in the ready-mixed concrete

Download Citation EOQ, JIT and fixed costs in the ready-mixed concrete industry The successful implementation of just-in-time (JIT) purchasing policy in many industries has prompted many ...

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EOQ, JIT and fixed costs in the ready-mixed concrete

Min, Wu Sui Pheng, Low, 2006. "EOQ, JIT and fixed costs in the ready-mixed concrete industry," International Journal of Production Economics, Elsevier, vol. 102(1 ...

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EOQ, JIT and fixed costs in the Ready-mixed concrete ...

EOQ, JIT and fixed costs in the Ready-mixed concrete industry . By M. Wu and S.P. Low. Abstract. The successful implementation of just-in-time (JIT) purchasing policy in many industries has prompted many companies that still use the economic order quantity (EOQ) purchasing policy to ponder if they should switch to the JIT purchasing policy ...

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EOQ WITH A PRICE DISCOUNT VERSUS JIT PURCHASING:

The inventory costs of purchasing under economic order quantity (EOQ) model with a quantity discount is determined and compared to the costs under just-in-time (JIT).

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EOQ with a price discount versus JIT purchasing: An ...

EOQ with a price discount versus JIT purchasing: An alternative analysis in the ready-mixed concrete industry March 2005 Journal of Construction Research 6(1):47-69

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Economic order quantity (EOQ) versus just-in-time (JIT ...

Wu et al. (2013) expanded Min and Pheng (2005b) model that compared the inventory costs of purchasing under an economic order quantity (EOQ) with a price discount system and a just-in-time (JIT ...

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Economic order quantity (EOQ) versus just-in-time (JIT ...

"EOQ, JIT and fixed costs in the ready-mixed concrete industry," International Journal of Production Economics, Elsevier, vol. 102(1), pages 167-180, July. Schniederjans, Marc J. Cao, Qing, 2000. " A note on JIT purchasing vs. EOQ with a price discount: An expansion of inventory costs ," International Journal of Production Economics ...

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EOQ, JIT and fixed costs in the Ready-mixed concrete ...

EOQ, JIT and fixed costs in the Ready-mixed concrete industry . By M. Wu and S.P. Low. Abstract. The successful implementation of just-in-time (JIT) purchasing policy in many industries has prompted many companies that still use the economic order quantity (EOQ) purchasing policy to ponder if they should switch to the JIT purchasing policy ...

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EOQ, JIT and fixed costs in the ready-mixed concrete

EOQ, JIT and fixed costs in the ready-mixed concrete industry . By Wu Min and Low Sui Pheng. OAI identifier: Provided by: Research Papers in Economics. Suggested articles. To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request. ...

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Modeling just-in-time purchasing in the ready mixed ...

2007-5-1  EOQ, JIT and fixed costs in the ready-mixed concrete industry International Journal of Production Economics , 102 ( 1 ) ( 2006 ) , pp. 167 - 180 View Record in Scopus Google Scholar

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Economic order quantity (EOQ) versus just-in-time (JIT ...

"EOQ, JIT and fixed costs in the ready-mixed concrete industry," International Journal of Production Economics, Elsevier, vol. 102(1), pages 167-180, July. Schniederjans, Marc J. Cao, Qing, 2000. " A note on JIT purchasing vs. EOQ with a price discount: An expansion of inventory costs ," International Journal of Production Economics ...

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Modeling stockout risk and JIT purchasing in ready-mixed ...

Downloadable (with restrictions)! A model for comparing the inventory costs of purchasing under an economic order quantity (EOQ) with a price discount system and a just-in-time (JIT) order purchasing system concluded that JIT purchasing is virtually always the preferable inventory ordering system. This claim however contradicts the practices observed in ready-mixed concrete (RMC) batching plants.

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Re-modelling EOQ and JIT purchasing for performance ...

Download Citation Re-modelling EOQ and JIT purchasing for performance enhancement in the ready mixed concrete industries of Chongqing, China and Singapore Purpose – To develop just‐in ...

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Application of Economic Order Quantity on Production ...

2013-7-12  Min W, Pheng L-S (2006) EOQ, JIT and fixed costs in the ready-mixed concrete industry. Int J Prod Econ 102:167–180 CrossRef Google Scholar Taleizadeh AA, Widyadana AG, Wee HM, Biabani Jahangir (2011) Multi products single machine economic

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Just in Time (JIT) system in the context of a ...

2016-8-9  JIT and fixed cost in the ready mixed concrete industry” International Journal of Advances in Management and Economics Vol. 102, pp.167-180. [9] Prateek P Kulkarni., (2015), “Just in Time Manufacturing: A conceptual survey its application in

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Economic Order Quantity model (EOQ) and the Just-In

3.2 The Objective of EOQ Model. “The objective of the EOQ model is to determine the optimal quantity of inventory to order and the best time to place the order” (Dyclcman et al. 1990, p.630). In fact, the EOQ is balancing two inventory management costs: carrying cost and ordering costs.

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Difference Between EOQ and JIT Difference Between

2017-10-12  Difference Between EOQ and JIT EOQ vs JIT Inventory is the number of stocks held by a business or company and is considered an asset. Good inventory management is key to a company’s achieving its goal of meeting customer demands and having high profitability. There are two ways of managing inventory, EOQ and JIT. Economic Order Quantity (EOQ

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Modeling just-in-time purchasing in the ready mixed ...

2007-5-1  EOQ, JIT and fixed costs in the ready-mixed concrete industry International Journal of Production Economics , 102 ( 1 ) ( 2006 ) , pp. 167 - 180 View Record in Scopus Google Scholar

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Comparison between just-in-time and EOQ system

"EOQ, JIT and fixed costs in the ready-mixed concrete industry," International Journal of Production Economics, Elsevier, vol. 102(1), pages 167-180, July. More about this item Statistics

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Just-in-time management in the ready mixed concrete ...

Downloadable (with restrictions)! Implementing just-in-time (JIT) management in the ready mixed concrete (RMC) industry seems viable. It has been observed previously by others that the current practices for managing the concrete supply chain upstream in terms of raw materials acquisition or prerequisite work on site were not geared toward JIT production.

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Comparison of Eoq and Jit Purchasing Policies Demand ...

2019-1-15  • So EOQ can be more cost effective than JIT system. 31 REFERENCES • Wu Min, “EOQ, JIT and fixed costs in the ready-mixed concrete industry”, Int. J. Production Economics, Vol 2, No. 4, 2006, pp. 167–180. • Cao, Q., Schniederjans, M.J., 2004. “A revised EMQ/JIT production-run model: An examination of inventory and production costs”.

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Just in Time (JIT) system in the context of a ...

2016-8-9  JIT and fixed cost in the ready mixed concrete industry” International Journal of Advances in Management and Economics Vol. 102, pp.167-180. [9] Prateek P Kulkarni., (2015), “Just in Time Manufacturing: A conceptual survey its application in

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EOQ in a Just in Time (JIT) World: An Empirical Analysis ...

EOQ in a Just in Time (JIT) World: An Empirical Analysis of the ... Using JIT does it actually reduce costs as well as lead to profit maximization in the organization?. ... 2. and that the inventory is exhausted at a fixed rate and a fixed number of units must replenish it to its starting

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Comparison between just-in-time and EOQ system -

1990-1-1  Engineering Costs and Production Economics, 18 (1990) 233-240 Elsevier Science Publishers B.V., Amsterdam Printed in The Netherlands 233 COMPARISON BETWEEN JUST-IN-TIME AND EOQ SYSTEM Fuchiao Chyr, Tsong Ming Lin and Chin-Fu Ho Department of Industrial Management, National Taiwan Institute of Technology, Tainan {Taiwan) ABSTRACT This paper presents a comparison between Just-in-Time (JIT

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Economical Order Volume model (EOQ) and the Just-In

2020-1-16  3. some Fixed Buy Point vs . Fixed Order Interval Coverage. EOQ version is a way of the set order level policy. In accordance to Ellram et approach. (1998, p. 128): Over the ordering method, as long as the EOQ unit was recognized, a fixed quantity will be ordered every time.

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Just in Time (JIT) Advantages and Disadvantages Babington

2015-8-28  Just in time (JIT) is an inventory management system, used to manage the stock that is kept in storage. It involves receiving goods from suppliers as and when they are required, rather than carrying a large inventory at once. Advantages of just in time inventory management

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及時生產環境下製造商與零售商之協同合作__臺灣博碩士 ...

2021-7-9  面臨全球化的競爭下,半導體產業、生鮮超市與食品業等具有損耗性產品的行業別逐漸受到重視,因此企業與企業間的供應鏈管理扮演著能否獲得利潤的關鍵角色,不只需要宏觀的控制每一環節的存貨成本且需滿足高度動盪的市場需求;生產單一產品的企業亦無法滿足瞬息萬變的市場需求,因此企業 ...

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