Mathematical properties of EOQ models with special cost structure |
| |
Authors: | Alessandro Gambini Giovanni Mingari Scarpello Daniele Ritelli |
| |
Affiliation: | Dipartimento di Statistica, viale Filopanti, 5, 40126 Bologna, Italy |
| |
Abstract: | 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. |
| |
Keywords: | Economic order quantity Optimal ordering Non constant demand Variable holding costs Planned backorders |
本文献已被 ScienceDirect 等数据库收录! |