An EOQ model for multiple products with varying degrees of substitutability
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Keywords
Economic order quantity (EOQ); optimization; substitute products; dependency factor; reorder point;All these keywords.
JEL classification:
- C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
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