The University of Southampton
University of Southampton Institutional Repository

A decision support system based upon economic order quantities for use in a civil engineering contractor

A decision support system based upon economic order quantities for use in a civil engineering contractor
A decision support system based upon economic order quantities for use in a civil engineering contractor
A decision support model was created based upon the theory of economic order quantities and maximisation of return for the investor. A new model for maximising return on investment ( ROI ) is presented which provides more reliable results for low cost, small volume items as typified in the construction maintenance environment. The model was incorporated into the materials purchase system of a civil engineering contractor to guide the selection of order quantities. Estimated savings on the overheads of the purchasing process are presented for sample items.
contractor, procurement, economic order quantity (EOQ), return on investment (ROI), decision support system (DSS)
1028-6608
1-12
Riley, Michael
19fe7566-d7eb-4c36-b1a6-ffb5b902e239
Brown, David
9aa38c45-99df-4467-9069-6b4340e8d137
Bailey, Andrew
983873b5-8f2c-440c-a105-eff29002acc5
Riley, Michael
19fe7566-d7eb-4c36-b1a6-ffb5b902e239
Brown, David
9aa38c45-99df-4467-9069-6b4340e8d137
Bailey, Andrew
983873b5-8f2c-440c-a105-eff29002acc5

Riley, Michael, Brown, David and Bailey, Andrew (2002) A decision support system based upon economic order quantities for use in a civil engineering contractor. Civil Engineering and Environmental Systems, 19 (1), 1-12. (doi:10.1080/10286600212163).

Record type: Article

Abstract

A decision support model was created based upon the theory of economic order quantities and maximisation of return for the investor. A new model for maximising return on investment ( ROI ) is presented which provides more reliable results for low cost, small volume items as typified in the construction maintenance environment. The model was incorporated into the materials purchase system of a civil engineering contractor to guide the selection of order quantities. Estimated savings on the overheads of the purchasing process are presented for sample items.

This record has no associated files available for download.

More information

Published date: January 2002
Keywords: contractor, procurement, economic order quantity (EOQ), return on investment (ROI), decision support system (DSS)

Identifiers

Local EPrints ID: 53852
URI: http://eprints.soton.ac.uk/id/eprint/53852
ISSN: 1028-6608
PURE UUID: 2893d10d-5c6e-4766-bf75-e20acf51296e

Catalogue record

Date deposited: 22 Jul 2008
Last modified: 15 Mar 2024 10:42

Export record

Altmetrics

Contributors

Author: Michael Riley
Author: David Brown
Author: Andrew Bailey

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×