THE EFFECT OF CONTINUOUS PRICE CHANGE IN THE EOQ

被引:32
作者
EREL, E
机构
[1] Bilkent University, Ankara
来源
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE | 1992年 / 20卷 / 04期
关键词
INVENTORY; ECONOMIC ORDER QUANTITY; SENSITIVITY ANALYSIS;
D O I
10.1016/0305-0483(92)90026-4
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
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.
引用
收藏
页码:523 / 527
页数:5
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