Browsing by Subject "Economic Order Quantity Model"
Now showing items 1-2 of 2
This paper describes the simultaneous evolution of the POM course and the business curriculum at the Washburn University, School of Business. The EOQ model is used to illustrate the process.
When the hold cost H is much larger than anticipated by the usual textbook treatment of the EOQ formula, order of magnitude larger, the EOQ total cost function is pointed rather than flat. This pointedness logically causes ...