The EOQ with backlogging derived without derivatives
| Autor: | Asli Sencer Erdem, Robert W. Grubbström |
|---|---|
| Rok vydání: | 1999 |
| Předmět: |
Economics and Econometrics
Material requirements planning Economics Applied mathematics Function (mathematics) Economic order quantity Management Science and Operations Research Algebraic number General Business Management and Accounting Mathematical economics Industrial and Manufacturing Engineering Average cost |
| Zdroj: | International Journal of Production Economics. 59:529-530 |
| ISSN: | 0925-5273 |
| DOI: | 10.1016/s0925-5273(98)00015-2 |
| Popis: | In previous work the EOQ formula without consideration to backlogging has been given a derivation without reference to the use of derivatives, neither for necessary conditions nor for second-order sufficient conditions. Furthermore, this algebraic derivation immediately provided the value of the average cost function in optimum. This paper extends the previous result to the EOQ formula taking the backlogging case into consideration. It is shown that a similar derivation immediately provides the corresponding results for this case. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect