Abstract
Goyal (Journal of the Operational Research Society 36 (1985) 35–38) discusses the economic order quantity under conditions of permissible delay in payments. An implicit assumption of Goyal (Journal of the Operational Research Society 36 (1985) 35–38) is that the items are obtained from an outside supplier. The entire lot size is delivered at the same time. If we wish to adopt all results obtained by Goyal (Journal of the Operational Research Society 36 (1985) 35–38), then we are effectively assuming that the replenishment rate is infinite. The main purpose of this paper is to extend Goyal (Journal of the Operational Research Society 36 (1985) 35–38) to the case that the units are replenished at a finite rate. When the replenishment rate approaches to infinite, Goyal (Journal of the Operational Research Society 36 (1985) 35–38) will be a special case of this paper.
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