A modified method to compute economic order quantities without derivatives by cost-difference comparisons

This note presents a modified method to compute economic order quantities without derivatives by cost-difference comparisons. Extensions to allow backorders are done for the EOQ/EPQ models. In contrast to previous literatures, limiting values on a finite planning horizon are used rather than algebraic manipulations for the cost function comparisons.

MoreLess

Year of publication:	2009
Authors:	Wee, Hui-Ming ; Wang, Wan-Tsu ; Chung, Chun-Jen
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 194.2009, 1, p. 336-338
Publisher:	Elsevier
Keywords:	Inventory EOQ EPQ Backorder Without derivatives

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005236688