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A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon

Author

Listed:
  • Andrew Lim

    (Department of Industrial Engineering and Engineering Management, Hong Kong University of Science and Technology, Clearwater Bay, Hong Kong, China)

  • Brian Rodrigues

    (School of Business, Singapore Management University, 469 Bukit Timah Road, Singapore)

Abstract

Huang et al. (2003) used the Cesaro limit of a savings function to determine the optimal special order in an EOQ model with single announced price increases over an infinite horizon. In this note, we point out that the savings function is not Cesaro summable. More importantly, no limiting argument for the cost function d(t, Q s ) as t →∞ is necessary at all given that this function is periodic for which it suffices to optimize the integral of the function over any given period.

Suggested Citation

  • Andrew Lim & Brian Rodrigues, 2005. "A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon," Operations Research, INFORMS, vol. 53(4), pages 731-732, August.
    • Handle: RePEc:inm:oropre:v:53:y:2005:i:4:p:731-732
    DOI: 10.1287/opre.1040.0186
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    Citations

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    Cited by:

    1. Ramasesh, Ranga V., 2010. "Lot-sizing decisions under limited-time price incentives: A review," Omega, Elsevier, vol. 38(3-4), pages 118-135, June.
    2. Shaposhnik, Yaron & Herer, Yale T. & Naseraldin, Hussein, 2015. "Optimal ordering for a probabilistic one-time discount," European Journal of Operational Research, Elsevier, vol. 244(3), pages 803-814.
    3. Taleizadeh, Ata Allah & Pentico, David W., 2013. "An economic order quantity model with a known price increase and partial backordering," European Journal of Operational Research, Elsevier, vol. 228(3), pages 516-525.

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