... as a kind of discount. Traditionally, when average costs (AC) are used, these kinds of effects are not explicitly incorporated in the classical formulas for economic order quantities (EOQs). On the other hand, such effects have been treated to a certain degree in the literature when a present value...

...Marc J. Schniederjans; Qing Cao Recent models comparing inventory costs under just‐in‐time (JIT) purchasing plans and economic order quantity (EOQ) purchasing plans have tended to favor EOQ purchasing in situations where annual demand of inventory is moderately large. Contends that these cost...

...Farzaneh Fazel Presents a mathematical model to assist companies in their decision to switch from the economic order quantity (EOQ) to the just‐in‐time (JIT) purchasing policy. Determines an upper limit for the JIT purchase price of an item below which the manufacturer will be better off using JIT...