Sodhi, ManMohan S.; Sodhi, Navdeep S.; Tang, Christopher S. - In: International Journal of Production Economics 155 (2014) C, pp. 132-142
Motivated by a particular multinational cutting-tools manufacturer, we extend the traditional economic order quantity (EOQ) model for maintenance-repair-and-overhaul (MRO) customers under stochastic purchase price and use it to show how price variance leads to bullwhip effect for the MRO...