Wu, Min; Shen, Qiping; Xu, Maozeng; Wu, Desheng - In: International Journal of Production Economics 144 (2013) 1, pp. 14-19
A model for comparing the inventory costs of purchasing under an economic order quantity (EOQ) with a price discount system and a just-in-time (JIT) order purchasing system concluded that JIT purchasing is virtually always the preferable inventory ordering system. This claim however contradicts...