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A simple method to compute economic order quantities: Some observations

dc.creatorLeopoldo Eduardo Cárdenas Barrón
dc.date2010
dc.date.accessioned2018-10-18T20:12:55Z
dc.date.available2018-10-18T20:12:55Z
dc.identifier.issn0307904X
dc.identifier.doi10.1016/j.apm.2009.08.024
dc.identifier.urihttp://hdl.handle.net/11285/630327
dc.descriptionTeng [2] presents an arithmetic-geometric mean method to be applied to determine the optimal lot size for the EOQ/EPQ models, taking into account backorders. Although the arithmetic-geometric mean method is correct, arguments as to when (not) to use the arithmetic-geometric mean inequality as optimization method are not complete. Moreover, this optimization method does not focus on the method for deriving the optimal backorders level. The main purpose of this work is to overcome these shortcomings, presents a discussion of when (not) to use the cost minimization method and derives the optimal backorders level. © 2009 Elsevier Inc. All rights reserved.
dc.languageeng
dc.relationhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-75449092240&doi=10.1016%2fj.apm.2009.08.024&partnerID=40&md5=7225aaba13be3bc0b461586886ffaffa
dc.relationInvestigadores
dc.relationEstudiantes
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0
dc.sourceApplied Mathematical Modelling
dc.subjectAlgebraic optimization
dc.subjectArithmetic-Geometric mean
dc.subjectArithmetic-geometric mean optimization
dc.subjectBackorders
dc.subjectCost comparisons
dc.subjectCost minimization
dc.subjectEconomic order quantity
dc.subjectOptimal lot size
dc.subjectOptimization method
dc.subjectSIMPLE method
dc.subjectAlgebra
dc.subjectComputational fluid dynamics
dc.subjectCosts
dc.subjectThermal conductivity
dc.subjectOptimization
dc.subject.classification7 INGENIERÍA Y TECNOLOGÍA
dc.titleA simple method to compute economic order quantities: Some observations
dc.typeArtículo
dc.identifier.volume34
dc.identifier.issue6
dc.identifier.startpage1684
dc.identifier.endpage1688
refterms.dateFOA2018-10-18T20:12:55Z


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