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

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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 (log n) time. In this note, we present a modified solution method, which can determine the optimal solution without the need of such a search.
Original languageEnglish
Pages (from-to)412-414
Number of pages3
JournalEuropean Journal of Operational Research
Volume197
Issue number1
DOIs
Publication statusPublished - 16 Aug 2009

Keywords

  • Combinatorial optimization
  • EOQ
  • Inventory management

ASJC Scopus subject areas

  • Management Science and Operations Research
  • Modelling and Simulation
  • Information Systems and Management

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