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

Chung-Lun Li

European Journal of Operational Research, 2009, vol. 197, issue 1, 412-414

Abstract: 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.

Keywords: Combinatorial; optimization; EOQ; Inventory; management (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:197:y:2009:i:1:p:412-414

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