Newton method for determining the optimal replenishment policy for EPQ model with present value
| Autor: | Jeff Kuo-JungWU, Peter C. Chu, Hsui-Li Lei, Sung-Te Jung |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2008 |
| Předmět: |
Mathematical optimization
Present value present value Regular polygon inventory model Management Science and Operations Research Economic production quantity economic production quantity Cycle time symbols.namesake Newton method lcsh:T58.6-58.62 Bisection method Economics symbols lcsh:Management information systems Newton's method |
| Zdroj: | Yugoslav Journal of Operations Research, Vol 18, Iss 1, Pp 53-61 (2008) |
| ISSN: | 0354-0243 |
| Popis: | This paper is a response for the paper of Dohi, Kaio and Osaki, that was published in RAIRO: Operations Research, 26, 1-14 (1992) for an EPQ model with present value. The purpose of this paper is threefold. First, the convex and increasing properties for the first derivative of the objective function are proved. Second, we apply the Newton method to find the optimal cycle time. Third, we provide some numerical examples to demonstrate that the Newton method is more efficient than the bisection method. . |
| Databáze: | OpenAIRE |
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