This article presents a procedure and nomograph which can be used in making economic order quantity (EOQ) decisions. The benefits from using the procedure and nomograph are a reduction in the amount of data needed and the very rapid determination of the EOQ.
Get full access to this article
View all access options for this article.
References
1.
BanksJerry, and Louis HohensteinC.. Procurement and Inventory Ordering TabletElmsford, New York: Pergamon Press, 1977.
2.
BanksJerry, and Louis HohensteinC.. “Simplification of the Economic Order Quantit; Equation.”Journal of Purchasing and Materials Management, 17(2): 19–22, 1981.
3.
HarrisF.Operations and Cost.Chicago: A.W. Shaw Co., 1915.
4.
NaddorE.Inventory Systems.New York: John Wiley, 1966.