TECHNICAL NOTE A MODIFIED EOQ MODEL WITH TEMPORARY SALE PRICE DERIVED WITHOUT DERIVATIVES

Hui‐Ming Wee · Shen-Lian Chung · Po‐Chih Yang

33 citations0/0 files storedThe Engineering Economist

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Supply Chain and Inventory Management Management and Optimization Techniques Operations Management Techniques

Abstract

Most previous works applied differential calculus to derive optimal solutions for economic ordering policy. The formulations are suggested in this short note to show that optimal solutions can be derived algebraically without using differential calculus to treat the EOQ model with a temporary sale price.

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References

1982Principles of inventory and materials management 2001The economic production quantity (EPQ) with shortage derived algebraically 1999The EOQ with backlogging derived without derivatives 1994Note on an EOQ model with a temporary sale price 2004Ordering and Inventory Policies for Step Changes in the Unit Item Cost: A Discounted Cash Flow Approach

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2015Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework 2012Optimal economic order quantity for buyer–distributor–vendor supply chain with backlogging derived without derivatives 2010Revisiting lot sizing for an inventory system with product recovery 2013Solving a finite horizon EPQ problem with backorders 2007Using the complete squares method to analyze a lot size model when the quantity backordered and the quantity received are both uncertain 2011Closed-form solutions for Wee’s and Martin’s EOQ models with a temporary price discount

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