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