The effect of continuous price change in the EOQ

dc.citation.epage	527	en_US
dc.citation.issueNumber	4	en_US
dc.citation.spage	523	en_US
dc.citation.volumeNumber	20	en_US
dc.contributor.author	Erel, E.	en_US
dc.date.accessioned	2016-02-08T10:55:40Z
dc.date.available	2016-02-08T10:55:40Z
dc.date.issued	1992	en_US
dc.department	Department of Management	en_US
dc.description.abstract	The 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.description.provenance	Made available in DSpace on 2016-02-08T10:55:40Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 1992	en
dc.identifier.doi	10.1016/0305-0483(92)90026-4	en_US
dc.identifier.eissn	1873-5274
dc.identifier.issn	0305-0483
dc.identifier.uri	http://hdl.handle.net/11693/26144
dc.language.iso	English	en_US
dc.publisher	Pergamon Press	en_US
dc.relation.isversionof	http://dx.doi.org/10.1016/0305-0483(92)90026-4	en_US
dc.source.title	Omega	en_US
dc.subject	Economic order quantity	en_US
dc.subject	Inventory	en_US
dc.subject	Sensitivity analysis	en_US
dc.title	The effect of continuous price change in the EOQ	en_US
dc.type	Article	en_US

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