Answers are grounded in this paper and cite their sources.
It is shown that where usage rates are approximately lognormal in distribution, the aggregate characteristics of simple EOQ/EBQ inventory control systems can be easily and accurately determined from estimates of the mean and median usage rates.
No takes yet. Share an insight, caveat, or question.
F. Wharton (1975) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: