The economic order quantity model and the economic production quantity model with linear and fixed backorder costs: Two cases identified and models analyzed without calculus

The economic order quantity model and the economic production quantity model with linear and fixed backorder costs: Two cases identified and models analyzed without calculus

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Article ID: iaor20061539
Country: Netherlands
Volume: 100
Issue: 1
Start Page Number: 59
End Page Number: 64
Publication Date: Jan 2006
Journal: International Journal of Production Economics
Authors:
Keywords: production
Abstract:

The EOQ and EPQ models with linear and fixed backorder costs are newly analyzed and all formulae are proven using only algebra. Two cases are identified, where backorders should and should not be allowed. The results are shown to include several known special cases.

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