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: | Scarpello Giovanni Mingari, Ritelli Daniele |
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