TY - JOUR AU - Borade, Atul B. AU - Ardak, Pankaj S. PY - 2017/07/23 Y2 - 2024/03/29 TI - A State of art on economic production quantity models JF - Brazilian Journal of Operations & Production Management JA - BJO&PM VL - 14 IS - 2 SE - Articles DO - 10.14488/BJOPM.2017.v14.n2.a5 UR - https://bjopm.org.br/bjopm/article/view/V14N2A5 SP - 183-186 AB - <p>Economic ordering quantity is a commonly accepted inventory management model. Its variant economic production quantity (EPQ) model is also a widely researched inventory model. The number of researchers had developed the EPQ model by considering different parameters, such as shortage, backorder, setup cost, deterioration, constant or linear or power form of the demand, rework, scrap, inspection, machine breakdown, etc. The objective of this paper is to review the literature, identify the gap in literature, develop and expand the knowledge base regarding EPQ models. This state of art paper would act as a guideline for researchers. The wide spectrum of the subject provides interesting future research problems.<strong></strong></p> ER -