A new solution method for the finite-horizon discrete-time EOQ problem |
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Authors: | Chung-Lun Li |
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Institution: | Department of Logistics, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong |
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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. |
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Keywords: | Combinatorial optimization EOQ Inventory management |
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