Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6896510 | European Journal of Operational Research | 2015 | 11 Pages |
Abstract
Ouyang et al. (2009) consider an economic order quantity (EOQ) model for deteriorating items with a partially permissible delay in payments linked to order quantity. Basically, their inventory model is practical, but there are some defects from the logical viewpoints of mathematics. In this paper, the functional behaviors of the annual total relevant costs are explored by rigorous methods of mathematics. A complete solution procedure is also developed to make up for the shortcomings of Ouyang et al. (2009). In numerical examples, it is proved that the new solution procedure could avoid making wrong decisions and causing cost penalties.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Pin-Shou Ting,