The Economic Order Quantity (EOQ) inventory model first appeared in 1913, and in its centennial, it is still one of the most important inventory models. Despite the abundance of both classical and new research results, there was (until now) no comprehensive reference source that provides the state-of-the-art findings on both theoretical and applied research on the EOQ and its related models. This edited handbook puts together all these interesting works and the respective insights into an edited volume.
The handbook contains papers which explore both the deterministic and the stochastic EOQ-model based problems and applications. It is organized into three parts: Part I presents three papers that provide an introduction and review of various EOQ related models. Part II includes four technical analyses on single-echelon EOQ-model based inventory problems. Part III consists of five papers on applications of the EOQ model for multi-echelon supply chain inventory analysis.
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Über den Autor Tsan-Ming (Hrsg.) Choi
Tsan-Ming Choi (Jason) is currently Professor of Fashion Business at The Hong Kong Polytechnic University. Over the past ten years, he has actively participated in a variety of research projects on supply chain management and applied optimization for fashion business operations. He has authored/edited eleven research handbooks. He has published extensively in leading journals such as Annals of Operations Research, Automatica, Decision Support Systems, European Journal of Operational Research, IEEE Transactions on Automatic Control, IEEE Transactions on Industrial Informatics, Journal of the Textile Institute, Production and Operations Management, Service Science (INFORMS Journal), Textile Research Journal, etc. He has consulted several listed companies on supply chain management related topics. He is currently an area editor/associate editor/guest editor of Annals of Operations Research, Asia-Pacific Journal of Operational Research, Decision Sciences, Decision Support Systems, European Management Journal, IEEE Systems Journal, IEEE Transactions on Industrial Informatics, IEEE Transactions on Systems, Man, and Cybernetics - Systems, Information Sciences, Journal of the Operational Research Society, Production and Operations Management, Sustainability, Transportation Research - Part E. He has also served as an executive committee member/officer of professional organizations such as IEEE-SMC(HK) and POMS(HK) over the past several years. He received the President's Award for Excellent Achievement of The Hong Kong Polytechnic University in 2008. Most recently, he received the Best Associate Editor Award of IEEE Systems, Man, and Cybernetics Society in two consecutive years - 2013 and 2014. Before joining his current department in fall 2004, he was an assistant professor at The Chinese University of Hong Kong. T. C. Edwin Cheng is Dean of the Faculty of Business and Chair Professor of Management at The Hong Kong Polytechnic University. He obtained a B.Sc.[Eng](First Class Honours) from the University of Hong Kong, an M.Sc. from the University of Birmingham, U.K., and a Ph.D. and an Sc.D. from the University of Cambridge, U.K. He has previously taught in Canada, England, and Singapore. Prof. Cheng's research interests are in Operations Management and Operations Research. He has published over 600 papers in such journals as California Management Review, Journal of Operations Management, Management Science, MIS Quarterly, Operations Research, Organization Science, Production and Operations Management, and SIAM Journal on Optimization. He has co-authored 11 books published by Chapman and Hall, McGraw-Hill, and Springer. He received the Outstanding Young Engineer of the Year Award from the Institute of Industrial Engineers, U.S.A., in 1992 and the Croucher Award (the top research award in Hong Kong) in 2001. According to the ISI Web of Science, he has attained an h-index of 43 and generated over 7,500 non-self citations. A 2009 paper in the International Journal of Production Economics ranked him as the most productive researcher and the top 12th h-index researcher in Production/Operations Management in the world over the half-century 1959-2008. Over the years, Prof. Cheng has secured more than US$5 million in research funding from both public and private sectors to support his diverse research programmes.