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On the Finite Horizon EOQ Model with Cost Changes

Author

Listed:
  • André Gascon

    (Université Laval, Ste-Foy, Quebec, Canada)

Abstract

In this note, an algorithm previously introduced by B. Lev and H. Weiss to optimally solve the finite horizon EOQ model with price changes is modified to avoid infeasible solutions. An example is provided.

Suggested Citation

  • André Gascon, 1995. "On the Finite Horizon EOQ Model with Cost Changes," Operations Research, INFORMS, vol. 43(4), pages 716-717, August.
  • Handle: RePEc:inm:oropre:v:43:y:1995:i:4:p:716-717
    DOI: 10.1287/opre.43.4.716
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    Citations

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    Cited by:

    1. Martel, Alain & Gascon, Andre, 1998. "Dynamic lot-sizing with price changes and price-dependent holding costs," European Journal of Operational Research, Elsevier, vol. 111(1), pages 114-128, November.
    2. Khouja, Moutaz & Park, Sungjune, 2003. "Optimal lot sizing under continuous price decrease," Omega, Elsevier, vol. 31(6), pages 539-545, December.
    3. Yang, P.C. & Wee, H.M. & Liu, B.S. & Fong, O.K., 2011. "Mitigating Hi-tech products risks due to rapid technological innovation," Omega, Elsevier, vol. 39(4), pages 456-463, August.
    4. Suresha Kharvi & T. P. M. Pakkala & G. Srinivasan, 2019. "Ordering policies under currency risk sharing agreements: a Markov chain approach," OPSEARCH, Springer;Operational Research Society of India, vol. 56(3), pages 945-964, September.
    5. Ramasesh, Ranga V., 2010. "Lot-sizing decisions under limited-time price incentives: A review," Omega, Elsevier, vol. 38(3-4), pages 118-135, June.
    6. Suresha Kharvi & T. P. M. Pakkala, 2021. "An optimal inventory policy when purchase price follows geometric Brownian motion process," OPSEARCH, Springer;Operational Research Society of India, vol. 58(4), pages 835-851, December.
    7. F. J. Arcelus & T. P. M. Pakkala & G. Srinivasan, 2018. "Inventory Replenishment for Profit Maximization over a Finite Horizon under One-time Cost Changes," Global Business Review, International Management Institute, vol. 19(3_suppl), pages 235-248, June.
    8. Sarkar, Biswajit & Saren, Sharmila & Wee, Hui-Ming, 2013. "An inventory model with variable demand, component cost and selling price for deteriorating items," Economic Modelling, Elsevier, vol. 30(C), pages 306-310.
    9. Ya Gao & Guangquan Zhang & Jie Lu & Hui-Ming Wee, 2011. "Particle swarm optimization for bi-level pricing problems in supply chains," Journal of Global Optimization, Springer, vol. 51(2), pages 245-254, October.
    10. P C Yang & H M Wee & J C P Yu, 2007. "Collaborative pricing and replenishment policy for hi-tech industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(7), pages 894-900, July.

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