The Joint Determination of Optimum Process Mean, Economic Order Quantity, and Production Run Length

Author(s):  
Chung-Ho Chen
1983 ◽  
Vol 7 (4) ◽  
pp. 27-30
Author(s):  
Jerry Banks ◽  
Russell G. Heikes

This article presents a procedure and nomograph which can be used in making economic order quantity (EOQ) decisions. The benefits from using the procedure and nomograph are a reduction in the amount of data needed and the very rapid determination of the EOQ.


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