Research on the Problem of Enterprise Raw Material Ordering and Transportation Based on EOQ Model

DOI: https://doi.org/10.62517/jes.202302203

Author(s)

Chunli Wang, Huiwen Zheng, Yingzhen Qiu, Lijun Liao, Aiying Xu*

Affiliation(s)

Guilin Tourism University, Guilin, Guangxi, China *Corresponding Author.

Abstract

For the ordering and transportation of raw materials in production enterprises, it researches the relationship and characteristics of the company’s order quantity and the supplier’s supply quantity by using the correlation analysis method. The average model is used to analyze the supplier’s supply quantity. Besides, it predicts the satisfying relationship between the supply quantity and the order quantity. Then, it uses the 0-1 linear programming model and the limit model to calculate the number of suppliers selected by the enterprise. Besides, it uses Excel calculation and analysis method to give the most economical ordering plan. The research performs data analysis on the chart, establishes an EOQ function model using the knowledge of mathematical functions. It calculates the optimal solution, and formulates the production plan after the transformation of the enterprise by using the assumption method. Therefore, the weekly production capacity of the enterprise can be improved.

Keywords

Hypothesis Testing; Optimal Solution; Quantitative Analysis; EOQ Model; Raw Material Ordering and Transportation

References

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