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A century of evolution from Harriss basic lot size model: Survey and research agenda
University of Padova, Italy.
University of Padova, Italy.
Linköping University, Department of Management and Engineering, Production Economics. Linköping University, The Institute of Technology.
University of Padova, Italy.
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2014 (English)In: International Journal of Production Economics, ISSN 0925-5273, Vol. 155, 16-38 p.Article in journal (Refereed) Published
Abstract [en]

Determining the economic lot size has always represented one of the most important issues in production planning. This problem has long attracted the attention of researchers, and several models have been developed to meet requirements at minimum cost. In this paper we explore and discuss the evolution of these models during one hundred years of history, starting from the basic model developed by Harris in 1913, up to today. Following Harriss work, a number of researchers have devised extensions that incorporate additional considerations. The evolution of EOQ theory strongly reflects the development of industrial systems over the past century. Here we outline all the research areas faced in the past by conducting a holistic analysis of 219 selected journal papers and trying to give a comprehensive view of past work on the EOQ problem. Finally, a new research agenda is proposed and discussed.

Place, publisher, year, edition, pages
Elsevier, 2014. Vol. 155, 16-38 p.
Keyword [en]
Economic lot sizing; EOQ; EPQ; Theoretical framework; Survey Research agenda
National Category
Economics and Business
URN: urn:nbn:se:liu:diva-111266DOI: 10.1016/j.ijpe.2014.01.013ISI: 000341466000004OAI: diva2:755589
Available from: 2014-10-15 Created: 2014-10-14 Last updated: 2014-11-04Bibliographically approved

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Grubbström, Robert W.
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Production EconomicsThe Institute of Technology
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