Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
478005 | European Journal of Operational Research | 2006 | 18 Pages |
Abstract
We present an EOQ-type model in which the demand rate is a function of the inventory level. The demand functions and holding cost functions considered are quite general. In particular, we focus on two types of demand rate functions: a piecewise constant function and a family of exponential functions. The paper includes analysis of the problem, optimization and sensitivity analysis. We also extend the model by adding randomness to the order sizes.
Keywords
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Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Oded Berman, David Perry,