A new model of economic order quantity associated with a generalized conformable differential-difference operator

Abstract

Abstract The economic order quantity (EOQ) is the order quantity that minimizes the total holding costs and ordering costs. In this effort, we propose a design for EOQ by employing a conformable differential-difference operator, which accepts to minimize the EOQ.

Keywords

• Conformable fractional calculus
• Fractional operator
• Economic order quantity
• Cost function