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International Conference on Electronics, Information and Communication Engineering (EICE 2012)

Garry Lee
Garry Lee
Information Engineering Research Institute
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ASME Press
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The construction of building consumes large amount materials, and the inventory of material is limited by space of construction site. Scientifically and reasonably determine order quantity in the construction plays important role for reducing cost and increasing efficiency. The paper researched on inventory management in building construction with Economic Order Quantity Model (EOQ) in logistic and supply chain management. Based on determination of engineering material supplier, the determination of economic order quantity needs to consider price discount. After determination of discount point and comparison of inventory cost, the optimal order quantity can be arrived to serve for construction and reduce uncertainty, so as to ensure smooth implementation of construction.

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