The integrality of the lot size in the basic EOQ and EPQ models: Applications to other production-inventory models

摘要

In this paper we present a method to obtain the solution of the classic economic order quantity (EOQ) and economic production quantity (EPQ) models when the lot size must be an integer quantity. This approach is operatively very simple and allows obtaining a rule to discriminate between the situation in which the optimal solution is unique and when there are two optimal solutions. Also, this method is applicable to the resolution of other production-inventory models. We expose some of them and illustrate the use of the method with numerical examples.