A note on how to compute economic order quantities without derivatives by cost comparisons

A note on how to compute economic order quantities without derivatives by cost comparisons

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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:
Keywords: economic order
Abstract:

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.

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