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The discrete-time EOQ model: Solution and implications
European Journal of Operational Research, 2018zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Athanasios G. Lagodimos +3 more
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An EOQ model with backlog-dependent demand
Operational Research, 2016The impact of stockout has been underlined in many consumer studies. According to them, stock-out affects consumers’ purchase decisions and this is especially true on online shopping. In this paper, an inventory model is considered, under the classical EOQ framework, by assuming that shortages affect the customers’ demand. To this end, during shortages
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EOQ with a correlated binomial supply
International Journal of Production Economics, 2013Abstract This paper considers a variant of the economic order quantity (EOQ) model under random supply. A binomial supply model is adopted where every item received is of imperfect quality with the same probability. We study the realistic case where the qualities of items in an order are correlated and draw useful insights, the most interesting of ...
Walid W. Nasr +2 more
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Investing in Reduced Setups in the EOQ Model
Management Science, 1985This paper is motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework available to use to think about such efforts. The object of this paper is to begin to provide such a framework. The framework developed
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A Technical Aid for EOQ Determination
American Journal of Small Business, 1983This article presents a procedure and nomograph which can be used in making economic order quantity (EOQ) decisions. The benefits from using the procedure and nomograph are a reduction in the amount of data needed and the very rapid determination of the EOQ.
Jerry Banks, Russell G. Heikes
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A note on eoq under fund constraints
Naval Research Logistics Quarterly, 1978AbstractAn algorithm is developed to modify the Wilson Q to account for a short‐term expenditure constraint over a catalog of items. Representative results are shown and generalizations made.
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SSRN Electronic Journal, 2019
In stock management, Economic Order Quantity (EOQ) is an important inventory management system that demonstrates the quantity of an item to reduce the total cost of both handling of inventory (Handling Cost) and order processing (Ordering Cost). The purpose of determining the EOQ is to minimise the Total Incremental Cost (TIC), beyond the cost of ...
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In stock management, Economic Order Quantity (EOQ) is an important inventory management system that demonstrates the quantity of an item to reduce the total cost of both handling of inventory (Handling Cost) and order processing (Ordering Cost). The purpose of determining the EOQ is to minimise the Total Incremental Cost (TIC), beyond the cost of ...
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An EOQ model with pricing consideration
Computers & Industrial Engineering, 1990Abstract This paper presents an economic order quantity (EOQ) model that integrates the product pricing and order sizing decisions to maximize profit. The Kuhn-Tucker conditions are used to determine the optimal solution under conditions of storage space and inventory investment limitations.
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