Expansion of the basic EOQ model with inclusion of trim-loss costs

摘要

We suggest an expansion of the basic economic order quantity model by including costs of trim-loss into the model. The expansion is base on the findings about trim loss costs from our previous work. The ratio between the stock size and order size significantly affects the trim loss costs thus it is important to take that ratio into consideration when proposing the expanded model. In the first part of the contribution we conducted a literature research of current model expansions and have not found any expansions that would include trim loss costs. In the second part the proposal for expansion is presented.