Communications - Scientific Letters of the University of Zilina 2022, 24(2):A35-A43 | DOI: 10.26552/com.C.2022.2.A35-A43

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

Andrii Galkin ORCID...1, Velerii Levada ORCID...2, Volodymyr Kyselov ORCID...3, Oksana Hulchak ORCID...4, Dmytro Prunenko ORCID...1, Iryna Voronko ORCID...5
1 Department of Transport System and Logistics, Transport System and Technologies Faculty, O. M. Beketov National University of Urban Economy in Kharkiv, Kharkiv, Ukraine
2 Kharkiv Customs Office of the Ministry of Revenue and Duties of Ukraine, Kharkiv, Ukraine
3 Educational - Research Institute of Municipal Administration and Urban Development, Tavrida National V. I. Vernadsky University, Kyiv, Ukraine
4 Department of Transport Systems and Road Safety, National Transport University, Kiev, Ukraine
5 Technology of Aircraft Manufacturing Department National Aerospace University "Kharkiv Aviation Institute", Kharkiv, Ukraine

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 Just-in-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.

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

Received: May 25, 2021; Accepted: September 24, 2021; Prepublished online: December 22, 2021; Published: April 1, 2022  Show citation

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Galkin, A., Levada, V., Kyselov, V., Hulchak, O., Prunenko, D., & Voronko, I. (2022). Methods of Comparison of the Economic Order Quantity and Just-in-Time Restocking Technologies. The Case Study. Communications - Scientific Letters of the University of Zilina, 24(2), A35-43. doi: 10.26552/com.C.2022.2.A35-A43
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