Unconstrained EOQ Analysis of a Furniture Mall - A Case Study of Bellwether Furniture

Authors

  • Manminder Singh Saluja International Institute of Professional Studies, DAVV, INDIA

Keywords:

EOQ, Inventory Management, Bellwether Furniture, Cost Minimization

Abstract

Indian economy had been growing fast over last 25 years leading to sharp rise in household incomes. The reality boom in the country had resulted in high demand for stylish furniture. Bellwether Furniture, a leading furniture mall of India has been actively fulfilling this demand. This had created a tough challenge of managing fast inventory flow. The paper had tried to find out the best inventory level for the mall for their product - TV units. The primary data on inventory of TV units was collected from the firm for financial year 2013-14. This was analyzed using unconstraint EOQ model for cost minimization. It was found that in unconstraint conditions Bellwether will need to invest total of Rs. 49, 08, 869.77 on its TV units with maximum investment of Rs. 6,65,195.98 for maintaining 89 units of model no 43XXX for minimizing its total cost on this product line of TV units.

 

References

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Published

2014-10-31

How to Cite

[1]
M. S. Saluja, “Unconstrained EOQ Analysis of a Furniture Mall - A Case Study of Bellwether Furniture”, Int. J. Sci. Res. Comp. Sci. Eng., vol. 2, no. 5, pp. 5–9, Oct. 2014.

Issue

Vol. 2 No. 5 (2014): October

Section

Research Article

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