The Ubiquitous EOQ — Its Relation to Discrete Lot Sizing Heuristics
- 1 January 1981
- journal article
- Published by Emerald Publishing in International Journal of Operations & Production Management
- Vol. 1 (3) , 161-179
- https://doi.org/10.1108/eb054669
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.Keywords
This publication has 2 references indexed in Scilit:
- An economic lot-sizing technique, I: The part-period algorithmIBM Systems Journal, 1968
- Dynamic Version of the Economic Lot Size ModelManagement Science, 1958