EOQ when holding costs grow with the stock level: well-posedness and solutions

EOQ when holding costs grow with the stock level: well-posedness and solutions

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Article ID: iaor200969260
Country: Romania
Volume: 10
Issue: 2
Start Page Number: 233
End Page Number: 240
Publication Date: Jul 2008
Journal: Advanced Modeling and Optimization
Authors: ,
Abstract:

An existence-uniqueness theorem is proved about a minimum costorder for a class of inventory models whose holding costs grow, following a power law,with the stock level. The theorem requires to perform a check of convergence of someimproper integrals, and constitutes the article's main theoretical contribution to thesubject. As application, several cases of demand are considered as functions of thestock level

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