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

Hui-Ming Wee, Wan-Tsu Wang and Chun-Jen Chung

European Journal of Operational Research, 2009, vol. 194, issue 1, 336-338

Abstract: 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.

Keywords: Inventory; EOQ; EPQ; Backorder; Without; derivatives (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:194:y:2009:i:1:p:336-338

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