A Proof of the EOQ Formula Using Quasi-Variational Inequalities
Auteur : Dirk Beyer, Suresh Sethi
Date de publication : 2014
Éditeur : SSRN
Nombre de pages : 11
Résumé du livre
In this paper, we use quasi-variational inequalities to provide rigorous proof of the familiar square root formula for the economic order quantity (EOQ) in the classical deterministic average cost inventory model.