The economic order quantity with backlogging derived without derivatives

The economic order quantity with backlogging derived without derivatives

0.00 Avg rating0 Votes
Article ID: iaor20001335
Country: Netherlands
Volume: 59
Issue: 1/3
Start Page Number: 529
End Page Number: 530
Publication Date: Mar 1999
Journal: International Journal of Production Economics
Authors: ,
Keywords: economic order
Abstract:

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.

Reviews

Required fields are marked *. Your email address will not be published.