Inventory management through Economic Order Quantity Model:A Bibliometric and Scientometric analysis

Inventory management employs the economic order quantity (EOQ) model and the economic production quantity (EPQ) model to determine the optimal order quantities for purchasing and manufacturing. The developed EOQ model was predicated on the constants of demand rate, holding cost, purchasing cost, and ordering cost.The EPQ model is predicated on the same assumptions as the EOQ model, namely constant holding costs and constant demand. This study aims to identify the citation impact of the most productive countries and journals based on the number of publications on inventory models in a fuzzy environment. About 3510 publications were obtained from the Web of Science between 2004 and 2023. In addition, this study uses “co-word cluster network analysis” to determine how this topic has evolved thematically over time. Additionally, this study used a thematic evolution map, a keywords overlapping map, and strategic maps to quantify and visualise the distribution and impact of this topic’s research fronts at successive periods.