Inventory Models with Cost Changes
Operations Research · 1990 · Volume 38 · Issue 1
Abstract
Two of the basic assumptions of economic order quantity models are an infinite horizon and static costs. In this paper, both assumptions are relaxed and results on the form of the optimal inventory policy are developed for both finite and infinite horizon models with changes in any or all costs. These results are used to develop short procedures for the computation of the optimal policy.
Keywords
inventory/production: ordering strategies for price increases
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