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A new solution method for the finite-horizon discrete-time EOQ problem

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  • Li, Chung-Lun

Abstract

We consider the finite-horizon discrete-time economic order quantity problem. Kovalev and Ng (2008) have developed a solution approach for solving this problem. Their approach requires a search for the optimal number of orders, which takes O(logn) time. In this note, we present a modified solution method, which can determine the optimal solution without the need of such a search.

Suggested Citation

  • Li, Chung-Lun, 2009. "A new solution method for the finite-horizon discrete-time EOQ problem," European Journal of Operational Research, Elsevier, vol. 197(1), pages 412-414, August.
    • Handle: RePEc:eee:ejores:v:197:y:2009:i:1:p:412-414
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    References listed on IDEAS

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    1. Kovalev, Alexandr & Ng, C.T., 2008. "A discrete EOQ problem is solvable in O(logn) time," European Journal of Operational Research, Elsevier, vol. 189(3), pages 914-919, September.
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    Cited by:

    1. Chang, Horng-Jinh & Lin, Wen-Feng & Ho, Jow-Fei, 2011. "Closed-form solutions for Wee's and Martin's EOQ models with a temporary price discount," International Journal of Production Economics, Elsevier, vol. 131(2), pages 528-534, June.

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