A new solution method for the finite-horizon discrete-time EOQ problem

We consider the finite-horizon discrete-time economic order quantity problem. Kovalev and Ng (2008) have developed a solution approach for solving this problem. Their approach requires a search for the optimal number of orders, which takes O(logn) time. In this note, we present a modified solution method, which can determine the optimal solution without the need of such a search.

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Year of publication:	2009
Authors:	Li, Chung-Lun
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 197.2009, 1, p. 412-414
Publisher:	Elsevier
Subject:	Combinatorial optimization EOQ Inventory management

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

Persistent link: https://www.econbiz.de/10005152031