A note on how to compute economic order quantities without derivatives by cost comparisons

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47 Scopus citations

Abstract

A different approach to obtain the economic order quantity and several extensions without taking derivatives is presented. In contrast to previous contributions to this discussion, cost comparisons in a finite horizon and analyzing the limiting behavior are used rather than algebraic manipulations of the average cost function and comparison of coefficients.

Original languageEnglish
Pages (from-to)293-296
Number of pages4
JournalInternational Journal of Production Economics
Volume105
Issue number1
DOIs
StatePublished - Jan 2007
Externally publishedYes

Keywords

  • Economic order/production quantity
  • Inventory
  • Shortage

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