Economic Order Quantity: A State-of-the-Art in the Era of Uncertain Supply Chains

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dc.contributor.authorAlnahhal, Mohammed
dc.contributor.authorAylak, Batin Latif
dc.contributor.authorAl Hazza, Muataz
dc.contributor.authorSakhrieh, Ahmad
dc.date.accessioned2025-02-06T15:04:37Z
dc.date.available2025-02-06T15:04:37Z
dc.date.issued2024
dc.departmentTAÜ, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümüen_US
dc.description.abstract: Inventory management is crucial for companies to minimize unnecessary costs associated with overstocking or understocking items. Utilizing the economic order quantity (EOQ) to minimize total costs is a key decision in inventory management, particularly in achieving a sustainable supply chain. The classical EOQ formula is rarely applicable in practice. For example, suppliers may enforce a minimum order quantity (MOQ) that is much larger than the EOQ. Some conditions such as imperfect quality and growing items represent variants of EOQ. Moreover, some requirements, such as the reduction of CO2 emissions, can alter the formula. Moreover, disruptions in the supply chain, such as COVID-19, can affect the formula. This study investigates which requirements must be considered during the calculation of the EOQ. Based on a literature review, 18 requirements that could alter the EOQ formula were identified. The level of coverage for these requirements has been tracked in the literature. Research gaps were presented to be investigated in future research. The analysis revealed that, despite their importance, at least 11 requirements have seldom been explored in the literature. Among these, topics such as EOQ in Industry 4.0, practical EOQ, and resilient EOQ have been identified as promising areas for future research.
dc.identifier.citationAlnahhal, M., Aylak, Batin L., Al Hazza, M., Sakhrieh, A. (2024). Economic Order Quantity: A State-of-the-Art in the Era of Uncertain Supply Chains. Sustainability, 16 (5965).
dc.identifier.doi10.3390/su16145965
dc.identifier.issue5965en_US
dc.identifier.scopus2-s2.0-85199914063
dc.identifier.urihttps://hdl.handle.net/20.500.12846/1525
dc.identifier.volume16en_US
dc.identifier.wosWOS:001277279700001
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.relation.ispartofSustainability
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectSustainable EOQen_US
dc.subjectSupply chain disruptionsen_US
dc.subjectEnvironmental trendsen_US
dc.subjectPractical considerationsen_US
dc.subjectResearch gapsen_US
dc.titleEconomic Order Quantity: A State-of-the-Art in the Era of Uncertain Supply Chains
dc.typeArticle

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