Mathematical properties of EOQ models with special cost structure

An existence-uniqueness theorem is proved about a minimum cost order for a class of inventory models whose holding costs grow according to a stock level power law. The outcomes of Mingari Scarpello and Ritelli (2008) [1] are then extended to different environments: i.e., when the holding costs change during time generalizing a model available in Weiss (1982) [11], or with invariable holding costs but adopting a backordering strategy. Application cases are provided assuming several functional behaviors of demand versus the stock level. © 2012 Elsevier Inc.

Data di pubblicazione: 2013
Titolo: Mathematical properties of EOQ models with special cost structure
Autori: Gambini, Alessandro; Mingari Scarpello, Giovanni; Ritelli, Daniele
Rivista: APPLIED MATHEMATICAL MODELLING
Parole Chiave: Economic order quantity; Non constant demand; Optimal ordering; Planned backorders; Variable holding costs; Applied Mathematics; Modeling and Simulation
Abstract in inglese: An existence-uniqueness theorem is proved about a minimum cost order for a class of inventory models whose holding costs grow according to a stock level power law. The outcomes of Mingari Scarpello and Ritelli (2008) [1] are then extended to different environments: i.e., when the holding costs change during time generalizing a model available in Weiss (1982) [11], or with invariable holding costs but adopting a backordering strategy. Application cases are provided assuming several functional behaviors of demand versus the stock level. © 2012 Elsevier Inc.
Digital Object Identifier (DOI): 10.1016/j.apm.2012.02.054
Handle: http://hdl.handle.net/11392/2358947
Appare nelle tipologie:03.1 Articolo su rivista

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