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2. Economic order quantity - Wikipedia

   en.wikipedia.org/wiki/Economic_order_quantity

   Economic order quantity. Economic order quantity ( EOQ ), also known as financial purchase quantity or economic buying quantity, [citation needed] is the order quantity that minimizes the total holding costs and ordering costs in inventory management. It is one of the oldest classical production scheduling models.

3. Travelling salesman problem - Wikipedia

   en.wikipedia.org/wiki/Travelling_salesman_problem

   Another related problem is the bottleneck travelling salesman problem: Find a Hamiltonian cycle in a weighted graph with the minimal weight of the weightiest edge. A real-world example is avoiding narrow streets with big buses. The problem is of considerable practical importance, apart from evident transportation and logistics areas.

4. Economic production quantity - Wikipedia

   en.wikipedia.org/wiki/Economic_production_quantity

   The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to minimize the total inventory costs by balancing the inventory holding cost and average fixed ordering cost. The EPQ model was developed and published by E. W. Taft, a statistical engineer working at Winchester ...

5. Newsvendor model - Wikipedia

   en.wikipedia.org/wiki/Newsvendor_model

   Newsvendor model. The newsvendor (or newsboy or single-period [1] or salvageable) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand for a perishable product. If the inventory level is , each unit of demand ...

6. Dynamic lot-size model - Wikipedia

   en.wikipedia.org/wiki/Dynamic_lot-size_model

   Dynamic lot-size model. The dynamic lot-size model in inventory theory, is a generalization of the economic order quantity model that takes into account that demand for the product varies over time. The model was introduced by Harvey M. Wagner and Thomson M. Whitin in 1958. [1] [2]

7. Inventory theory - Wikipedia

   en.wikipedia.org/wiki/Inventory_theory

   The inventory control problem is the problem faced by a firm that must decide how much to order in each time period to meet demand for its products. The problem can be modeled using mathematical techniques of optimal control, dynamic programming and network optimization. The study of such models is part of inventory theory.