Methods of Comparison of the Economic Order Quantity and Just-In-Time Restocking Technologies. The Case Study:

Andrii Galkin; Velerii Levada; Volodymyr Kyselov; Oksana Hulchak; Dmytro Prunenko; Iryna Voronko

doi:10.26552/com.C.2022.2.A35-A43

Andrii Galkin https://orcid.org/0000-0003-3505-6170
Velerii Levada https://orcid.org/0000-0002-6252-9132
Volodymyr Kyselov https://orcid.org/0000-0003-3437-2825
Oksana Hulchak https://orcid.org/0000-0001-8186-4529
Dmytro Prunenko https://orcid.org/0000-0001-7322-9998
Iryna Voronko https://orcid.org/0000-0002-9689-6977

DOI: https://doi.org/10.26552/com.C.2022.2.A35-A43

Keywords: goods delivery, economic order quantity (EOQ), model, just-in-time (JIT) model

Abstract

Estimation of the optimal size of order is one of the key tasks in determining the parameters of the urban freight restocking system. The existing analytical models and methods are considering each technology separately and they do not compare the Economic Order Quantity (EOQ) and Justin-tme (JIT) restocking technologies. The purpose of this research was to evaluate efficiency of the JIT and EOQ restocking technologies. The research would help in selecting the delivery model, analyzing functioning of existing JIT and EOQ models. The article presents an approach to determining the comparison in organizing supplies to the retailer. For this, the two supply models were compared. The Just-in-Time model is characterised by costs that are spend on transportation. The Economic Order Quantity model includes costs of transportation and storage in a warehouse. After calculations, application of the Just-in-Time model in the given conditions was determined.

Author Biographies

Andrii Galkin

Department of Transport System and Logistics, Transport System and Technologies Faculty, O. M. Beketov National University of Urban Economy in Kharkiv, Kharkiv, Ukraine

Velerii Levada

Kharkiv Customs Office of the Ministry of Revenue and Duties of Ukraine, Kharkiv, Ukraine

Volodymyr Kyselov

Educational - Research Institute of Municipal Administration and Urban Development, Tavrida National V. I. Vernadsky University, Kyiv, Ukraine

Oksana Hulchak

Department of Transport Systems and Road Safety, National Transport University, Kiev, Ukraine

Dmytro Prunenko

Department of Transport System and Logistics, Transport System and Technologies Faculty, O. M. Beketov National University of Urban Economy in Kharkiv, Kharkiv, Ukraine

Iryna Voronko

Technology of Aircraft Manufacturing Department National Aerospace University “Kharkiv Aviation Institute”, Kharkiv, Ukraine

Methods of Comparison of the Economic Order Quantity and Just-In-Time Restocking Technologies. The Case Study

https://doi.org/10.26552/com.C.2022.2.A35-A43

Abstract

Author Biographies

Journal information