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“Project EOQ”: A Success Story in Implementing Academic Research

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  • Larry M. Austin

    (Texas Tech University)

Abstract

Significant improvements in a 250,000-item, $400 million inventory system resulting from an unusual academic research project are discussed. Difficulties encountered in implementing well-known theoretical inventory models in a large “real-world” system are emphasized. Validated savings resulting from the research effort are noted.

Suggested Citation

  • Larry M. Austin, 1977. "“Project EOQ”: A Success Story in Implementing Academic Research," Interfaces, INFORMS, vol. 7(4), pages 1-14, August.
    • Handle: RePEc:inm:orinte:v:7:y:1977:i:4:p:1-14
    DOI: 10.1287/inte.7.4.1
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    Cited by:

    1. Prafulla Joglekar & James M. Kelly, 1998. "Volume discount decisions: Wealth maximization or EOQ approach?," Naval Research Logistics (NRL), John Wiley & Sons, vol. 45(4), pages 377-389, June.

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