Optimal ordering time interval taking account of time value

被引:12
作者
Chung, KJ
机构
[1] Department of Industrial Management, National Taiwan Institute of Technology, Taipei
关键词
deterministic inventory models; instantaneous interest rate; present value; optimization;
D O I
10.1080/09537289608930352
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
In this paper, the optimal inventory policies for an infinite time span taking account of time value is discussed. First, bounds for the optimal ordering time interval are derived. Second, with these bounds, a simple algorithm to compute the optimal ordering time interval is developed. Numerical examples are given to illustrate the algorithm.
引用
收藏
页码:264 / 267
页数:4
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