A note on how to compute economic order quantities without derivatives by cost comparisons: some comments
AbstractThis paper discusses some points of the algebraic optimisation method and the cost comparisons optimisation method. Moreover, mathematical expressions are derived for the backorders level for the EOQ and EPQ inventory models with planned backorders that were not provided by the cost comparisons method using the well known marginal cost analysis and simple geometric relations.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Applied Management Science.
Volume (Year): 2 (2010)
Issue (Month): 2 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=286
economic order quantities; EOQ inventory model; economic production quantities; inventories; backorders; cost comparisons; algebraic optimisation; costing; marginal cost analysis; geometric relations; applied management science.;
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- Sari Viskari & Anita Ruokola & Miia PirttilÃ¤ & Timo KÃ¤rri, 2012. "Advanced model for working capital management: bridging theory and practice," International Journal of Applied Management Science, Inderscience Enterprises Ltd, vol. 4(1), pages 1-17.
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