The effect of continuous price change in the EOQ

dc.citation.epage527en_US
dc.citation.issueNumber4en_US
dc.citation.spage523en_US
dc.citation.volumeNumber20en_US
dc.contributor.authorErel, E.en_US
dc.date.accessioned2016-02-08T10:55:40Z
dc.date.available2016-02-08T10:55:40Z
dc.date.issued1992en_US
dc.departmentDepartment of Managementen_US
dc.description.abstractThe sensitivity of the basic economic order quantity (EOQ) model to continuous purchase price changes is explored. The phenomenon of continuous price changes exists in several countries and it is not likely to improve. The paper shows that using the conventional EOQ can be quite costly and far from optimal, if the holding cost rate is determined erroneously by ignoring the price change.en_US
dc.identifier.doi10.1016/0305-0483(92)90026-4en_US
dc.identifier.eissn1873-5274
dc.identifier.issn0305-0483
dc.identifier.urihttp://hdl.handle.net/11693/26144
dc.language.isoEnglishen_US
dc.publisherPergamon Pressen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/0305-0483(92)90026-4en_US
dc.source.titleOmegaen_US
dc.subjectEconomic order quantityen_US
dc.subjectInventoryen_US
dc.subjectSensitivity analysisen_US
dc.titleThe effect of continuous price change in the EOQen_US
dc.typeArticleen_US
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