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

Chung Lun Li

doi:10.1016/j.ejor.2008.06.007

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

Chung Lun Li

Research output: Journal article publication › Journal article › Academic research › peer-review

9 Citations (Scopus)

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 language	English
Pages (from-to)	412-414
Number of pages	3
Journal	European Journal of Operational Research
Volume	197
Issue number	1
DOIs	https://doi.org/10.1016/j.ejor.2008.06.007
Publication status	Published - 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

More information

10.1016/j.ejor.2008.06.007

http://hdl.handle.net/10397/1848

Cite this

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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.",

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AB - 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.

KW - Combinatorial optimization

KW - EOQ

KW - Inventory management

UR - https://www.scopus.com/pages/publications/59649129801

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DO - 10.1016/j.ejor.2008.06.007

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JO - European Journal of Operational Research

JF - European Journal of Operational Research

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ER -

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

Abstract

Keywords

ASJC Scopus subject areas

More information

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