The Ubiquitous EOQ — Its Relation to Discrete Lot Sizing Heuristics
International Journal of Operations & Production Management
ISSN: 0144-3577
Article publication date: 1 January 1981
Abstract
The EOQ formula is definitely the oldest and best known single stage lot sizing technique. Its use reportedly dates back to 1904, even though it was not published until a later date. It is often looked upon with scepticism by practitioners and academicians alike, although the reasons for this may differ; it seems, however, to be the most widely used lot sizing technique overall.
Citation
Wemmerlov, U. (1981), "The Ubiquitous EOQ — Its Relation to Discrete Lot Sizing Heuristics", International Journal of Operations & Production Management, Vol. 1 No. 3, pp. 161-179. https://doi.org/10.1108/eb054669
Publisher
:MCB UP Ltd
Copyright © 1981, MCB UP Limited