| Article ID: | iaor20041961 |
| Country: | India |
| Volume: | 24 |
| Issue: | 2 |
| Start Page Number: | 249 |
| End Page Number: | 253 |
| Publication Date: | May 2003 |
| Journal: | Journal of Information & Optimization Sciences |
| Authors: | Chen Ying-Chieh |
| Keywords: | economic order |
The purpose of this article is to reconstruct the traditional EOQ model by considering the total demand is random. It can be shown that the result of this model is equivalent to the traditional ones. And finally, we find that the economic order quantity (EOQ) should be reinterpreted as expected economic order quantity (EEOQ).