Dragons in Pursuit of the EBQ

Abstract

Some of the objections to the classical model used in the theory of batch quantities are reviewed. They fall broadly into four categories (1) the validity of the model; (2) the determination of cost parameters; (3) criteria; (4) implementation. Some of the objections can be met by minor modifications of the model; others are more fundamental in nature. In multi-product situations the classical model can only provide an initial guidance and must be supplemented be other tools.

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