Article ID: | iaor20072699 |
Country: | Netherlands |
Volume: | 105 |
Issue: | 1 |
Start Page Number: | 293 |
End Page Number: | 296 |
Publication Date: | Jan 2007 |
Journal: | International Journal of Production Economics |
Authors: | Minner Stefan |
Keywords: | economic order |
A different approach to obtain the economic order quantity and several extensions without taking derivatives is presented. In contrast to previous contributions to this discussion, cost comparisons in a finite horizon and analyzing the limiting behavior are used rather than algebraic manipulations of the average cost function and comparison of coefficients.