Hafshejani, Kiamars; Valmohammadi, Changiz; Khakpoor, … - In: Journal of industrial engineering international 8 (2012), pp. 1-8
The Economic Production Quantity (EPQ) model is often used in the manufacturing sector to assist firms in determining the optimal production lot size that minimizes overall production-inventory costs. There are some assumptions in the EPQ model that restrict this model for real-world...