The purpose of the project is to find the optimal value for the Economic Order Quantity Model and then use a lean manufacturing Kanban equation to find a numeric value that will minimize the total cost and the inventory size.
This article was previously called Article 30.
"Calculating Optimal Inventory Size,"
Undergraduate Journal of Mathematical Modeling: One + Two:
1, Article 18.
DOI: http://dx.doi.org/10.5038/2326-3622.214.171.124 Available at: http://scholarcommons.usf.edu/ujmm/vol3/iss1/30
Fernando Burgos, Mathematics and Statistics
Alfredo Santana-Reynoso, Industrial & Management Systems