@article{Disney2013,
title = "On the Lambert W function: Economic Order Quantity applications and pedagogical considerations",
journal = "International Journal of Production Economics",
volume = "140",
number = "2",
pages = "756 - 764",
year = "2012",
note = "Sixteenth internationalworkingseminaronproductioneconomics, Innsbruck, 2010",
issn = "0925-5273",
doi = "https://doi.org/10.1016/j.ijpe.2011.02.027",
url = "http://www.sciencedirect.com/science/article/pii/S0925527311001125",
author = "Stephen M. Disney and Roger D.H. Warburton",
keywords = "Lambert W function, Economic Order Quantity, Net Present Value, Perishable inventory, Trim loss",
abstract = "We illustrate the use of the Lambert W function by analysing two Economic Order Quantity (EOQ) scenarios: an EOQ model with perishable inventory; and a Net Present Value analysis of an EOQ problem with trim loss. Both scenarios are motivated by real-world situations. Via these two examples, we reflect upon the pedagogical aspects of using the Lambert W function. We present a Lambert W function ‘look-up’ table for classroom use and a Microsoft Excel ‘Add-In’ for self-study and practical use. We also illustrate the use of the Laplace transform to conduct NPV analyses of the EOQ model."
}