A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
Huang et al. (2003) used the Cesaro limit of a savings function to determine the optimal special order in an EOQ model with single announced price increases over an infinite horizon. In this note, we point out that the savings function is not Cesaro summable. More importantly, no limiting argument f...
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Main Authors: | , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2005
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2622 https://doi.org/10.1287/opre.1040.0186 |
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Institution: | Singapore Management University |
Language: | English |