Economic order quantities for systems with step-function ordering costs

Economic order quantities for systems with step-function ordering costs

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Article ID: iaor199056
Country: United States
Volume: 27
Start Page Number: 119
End Page Number: 127
Publication Date: Mar 1986
Journal: Production and Inventory Management Journal
Authors:
Abstract:

An easily programmed method to deal with EOQs with increasing ordering costs as a function of order size is described. An example for verification of the method is presented, as well as a letter confirming savings of 20% over previous policies at a corporation.

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