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CORRECTING A MISCONCEPTION ABOUT EOQ
Author(s) -
Pinney W.E.
Publication year - 1977
Publication title -
decision sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.238
H-Index - 108
eISSN - 1540-5915
pISSN - 0011-7315
DOI - 10.1111/j.1540-5915.1977.tb01117.x
Subject(s) - economic order quantity , equating , simple (philosophy) , economics , operations research , microeconomics , mathematical economics , computer science , operations management , econometrics , mathematics , statistics , business , marketing , philosophy , epistemology , supply chain , rasch model
The author discusses the well known (by faculty) but seldom articulated (to students) mathematical reason that the simple EOQ model can be optimized by equating total, rather than marginal, costs.