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    High Eccentricity EOQ Total Cost Function Yields JIT Results

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    Author
    Roach, Bill
    Publisher
    Washburn University. School of Business
    Sponsor
    Kaw Valley Bank
    Date
    July 2009
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    Abstract
    For perishable inventory, the hold cost H is much larger than anticipated by the classical EOQ formula, orders of magnitude larger. For perishable inventory, the EOQ total cost function is pointed rather than flat. This pointed-ness logically causes the EOQ model to yield JIT-like results. The pointed-ness (eccentricity) of the EOQ total cost curve depends solely on holding cost H and not annual demand D or batch cost S. D and S determine the level of the TC curve but not the shape.
    URI
    https://wuir.washburn.edu/handle/10425/330
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