A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon

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: LIM, Andrew, RODRIGUES, Brian
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
inventory
economic order quantity
special ordering for price increases
Operations and Supply Chain Management
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
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spelling sg-smu-ink.lkcsb_research-36212016-03-11T09:21:22Z A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon LIM, Andrew RODRIGUES, Brian 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 for the cost function d(t,Qs) as t approaches infinity is necessary at all given that this function is periodic for which it suffices to optimize the integral of the function over any given period. 2005-08-01T07:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/2622 info:doi/10.1287/opre.1040.0186 https://doi.org/10.1287/opre.1040.0186 Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University inventory economic order quantity special ordering for price increases Operations and Supply Chain Management
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic inventory
economic order quantity
special ordering for price increases
Operations and Supply Chain Management
spellingShingle inventory
economic order quantity
special ordering for price increases
Operations and Supply Chain Management
LIM, Andrew
RODRIGUES, Brian
A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
description 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 for the cost function d(t,Qs) as t approaches infinity is necessary at all given that this function is periodic for which it suffices to optimize the integral of the function over any given period.
format text
author LIM, Andrew
RODRIGUES, Brian
author_facet LIM, Andrew
RODRIGUES, Brian
author_sort LIM, Andrew
title A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
title_short A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
title_full A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
title_fullStr A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
title_full_unstemmed A Note on the Optimal EOQ for Announced Price Increases in the Infinite Horizon
title_sort note on the optimal eoq for announced price increases in the infinite horizon
publisher Institutional Knowledge at Singapore Management University
publishDate 2005
url https://ink.library.smu.edu.sg/lkcsb_research/2622
https://doi.org/10.1287/opre.1040.0186
_version_ 1770570492626862080

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