Who invented eoq model

This is not exclusive to supply chain innovations. For instance, Einstein had no university affiliation when he wrote his papers while employed as a patent clerk. He later gained university affiliation with top schools after he did his most important work. Not only did Einstein have no university affiliation when he wrote his four breakthrough papers, but he had also applied for and been rejected as a high school science teacher in the years before his discoveries.

Another example is Issac Newton did have a university affiliation. He was not a professor when he developed his theories of calculus, optics, and gravitation. These were all established while he was away from Cambridge for two years. He took credit for anything Newton published. Therefore, Newton stopped publishing during this time. Finally, this individual died, and Newton became the head of the Royal Society. Therefore what are widely considered to be the two most significant scientists in history had no university affiliation when they made their discoveries.

Most people find out about EOQ second hand. It is not only well laid out, but it is also well written. Far more so than the vast majority of papers I have read by academics.

That is, people with much more education than Harris had at the time could not write as well as could Harris. The article is also short compared to other academic journals in the field. This is a matter that calls, in each case, for trained judgement, for which there is no substitute. There are many factors of even more importance than those given in this discussion.

This is quite an interesting quotation because subsequent authors who wrote on EOQ had a strong tendency to present the EOQ formula as much more final in nature. While it is perfectly possible to estimated closely enough what effect these factors will have, the chances are many mistakes costing money will be made. Hence, using the formula as a check is at least warranted. This quotation envisions the EOQ as a check to compare against human judgment. This paper was written in , and there were no computers in use in this or any other area.

The EOQ formula that Harris was proposing would be calculated by hand. Supply planning software applications do not compute EOQ formulas. Roach, B. Emerald Group Publishing Limited. Report bugs here. Please share your general feedback. You can join in the discussion by joining the community or logging in here. You can also find out more about Emerald Engage.

Visit emeraldpublishing. See also Inventories Financial Modeling. Pages: 1 2 3 Next. Quote Guest , 11 January, Quote Guest 2 , 20 February, Quote Guest , 19 March, Quote Guest , 20 May, Quote Guest , 21 May, The given explanation is clear and brief kindly tell me for in EOQ if the discount is given means how to calculate? AS soon as possible. Quote Guest , 20 June, Quote Laxst the "handsome" , 27 June, Quote Guest , 20 August, Quote Guest wrote: The given explanation is clear and brief kindly tell me for in EOQ if the discount is given means how to calculate?

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