Encyclopedia of Operations Research and Management Science

2001 Edition
| Editors: Saul I. Gass, Carl M. Harris

Economic order quantity model extensions

  • Benjamin Lev
Reference work entry
First Online:
DOI: https://doi.org/10.1007/1-4020-0611-X_269
  • 21 Downloads
How to cite
The classical EOQ (Economic Order Quantity) model has a long list of assumptions. We begin by assuming that the horizon of the process is infinite and that all parameters stay the same over time. Then the solution to the classical EOQ problem is Open image in new window
This is a preview of subscription content, log in to check access.

References

  1. [1]
    Goyal, S.K. (1979). “A Note on the Paper: An Inventory Model with Finite Horizon and Price Changes,” Operations Research, 30, 839–840.Google Scholar
  2. [2]
    Goyal, S.K. (1992). “A Note on Inventory Models with Cost Increases,” Operations Research, 20, 414–415.Google Scholar
  3. [3]
    Goyal, S.K. and Bhatt, S.K. (1988). “A Generalized Lot Size Ordering Policy for Price Increases,” Opsearch, 25, 272–278. Google Scholar
  4. [4]
    Harris, F. (1913). “How Many Parts To Make At Once?” Factory, The Magazine of Management, 10, 135–136, 152.Google Scholar
  5. [5]
    Lev, B. and Soyster, A.L. (1979). “An inventory model with finite horizon and price changes,” Operational Research, 30(1), 43–53.Google Scholar
  6. [6]
    Lev, B., Soyster, A.L., and Weiss, H.J. (1979). “Comment on Improved Procedure for the Finite Horizon and Price Changes Inventory Models,” Operations Research, 30, 840–842.Google Scholar
  7. [7]
    Lev, B., Weiss, H.J., and Soyster, A.L. (1981). “Optimal Ordering Policies When Anticipating Parameter Changes in EOQ Systems,” Naval Research Logistics Qtrly. 28, 267–279.Google Scholar
  8. [8]
    Lev, B. and Weiss, H.J. (1990). “Inventory Models with Cost Changes,” Operations Research, 38, 53–63.Google Scholar
  9. [9]
    Naddor, E. (1966). Inventory Systems. John Wiley, New York.Google Scholar
  10. [10]
    Schwartz, L.B. (1972). “Economic Order Quantities for Products with Finite Demand Horizons,” AIIE Transactions, 4, 234–237.Google Scholar
  11. [11]
    Taylor, S.G. and Bradley, C.E. (1985). “Optimal Ordering Strategies for Announced Price Increases,” Operations Research, 33, 312–325.Google Scholar

Copyright information

© Kluwer Academic Publishers 2001

Authors and Affiliations

  • Benjamin Lev
    • 1
  1. 1.University of MichiganDearbornUSA