Chyr, Fuchiao; Ming Lin, Tsong; Ho, Chin‐Fu - In: International Journal of Operations & Production Management 10 (1990) 5, pp. 71-76
The conventional Economic Order Quantity (EOQ) lot‐size model ignores the effects of damage costs. While producing an EOQ lot, the inventory may go “out of control”. An extension of the EOQ production model based on damage costs is presented and the relevant costs of damage and their...