An EOQ Model for Multi-item and Multi-storehouse with Stochastic Demand

A new economic order quantity model is developed for multi-item and multi-storehouse with limited funds, limited storage capacity and stochastic demand. The model is proved to be a nonlinear convex programming. For finding the optimal replenishment schedule, we design a modified algorithm that combines Rosen's gradient projection method and Armijo-Goldstein line search method. A numerical example is presented to illustrate the solution procedure.