In Defence of the Economic Batch Quantity

T. Bernard Tate · John L. Burbidge · W. E. Duckworth

11 citations0/0 files storedJournal of the Operational Research Society

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

Abstract

The derivation of the formula for the economic batch quantity is fairly simple and is often used to illustrate operational research methodology. The model has recently been attacked, on the grounds that a mistaken attempt is made to minimize costs, and that in any case it misrepresents costs. In this paper alternatives are expressed symbolically. It is shown that optimizing any of the alternative functions would be equivalent or inferior to minimizing costs.

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