Title :
Three unequal period inventory models with cost changes
Author :
Luo, Jianwen ; Zhong, Genyuan
Author_Institution :
Sch. of Manage., Shanghai Jiao Tong Univ., China
Abstract :
There have been extensive discussions in the literature for possible extension of the basic economic order quantity (EOQ) model under various situations where the original assumptions are slack. This paper is concerned with three unequal period inventory models with cost increases, which has not been adequately addressed yet. We provide four possible types of the structure of the optimal policy and develop short procedures for determining optimal ordering policy. Our method developed in this paper provides a way to investigate the classical EOQ model for possible extension.
Keywords :
costing; industrial economics; order processing; EOQ model; cost changes; economic order quantity model; optimal ordering policy; unequal period inventory models; Artificial intelligence; Chromium; Cost function; Infinite horizon;
Conference_Titel :
Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on
Print_ISBN :
0-7803-8971-9
DOI :
10.1109/ICSSSM.2005.1499517