An Algorithm and Implementation Based on an Agricultural EOQ Model

Department of Management Science and System Science, College of Business Management, Sichuan University, Chengdu, Sichuan, China

^* Corresponding author: 916672417@qq.com

Abstract

With the improvement of living quality, the agricultural supermarket gradually take the place of the farmers market as the trend. But the agricultural supermarkets’ inappropriate inventory strategies are wasteful and inefficient. So this paper will put forward an inventory strategy for the agricultural supermarkets to lead the conductor decides when and how much to shelve the product. This strategy has significant meaning that it can reduce the loss and get more profit. The research methods are based on the inventory theory and the EOQ model, but the authors add multiple cycles’ theory to them because of the agricultural products’ decreasing characteristics. The research procedures are shown as follows. First, the authors do research in the agricultural supermarket to find their real conduction, and then put forward the new strategy in this paper. Second, the authors found out the model. At last, the authors search the specialty agriculture document to find the data such as the loss rate and the fresh parameters, and solve it out by MATLAB. The numerical result proves that the strategy is better than the real conduction in agricultural supermarket, and it also proves the feasibility.