The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory—such as holding costs, order costs, and ...

Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Economic order ...

We consider a stochastic periodic-review inventory control system in which the fixed cost depends on the order quantity. In particular, we investigate the optimal ordering policies under three fixed ...