A note on JIT purchasing vs. EOQ with a price discount: An expansion of inventory costs
نویسندگان
چکیده
In a previous International Journal of Production Economics article, a comparative model was presented for inventory costs of purchasing under economic order quantity (EOQ) with quantity discounts and a just-in-time (JIT) order purchasing system. This paper expands the comparative model to include a relevant cost component not considered in the previous article. The results of the revised model show di!erences in the conclusions reached in the previous article, more speci"cally, the superiority of JIT in virtually any type of inventory ordering purchase decision. ( 2000 Elsevier Science B.V. All rights reserved.
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