Solution Procedure for Inventory Models with Linear and Fixed Backorder Costs

Several researchers applied the algebraic method to solve the optimal solution of EOQ and EPQ models with linear and fixed backorder costs. However, there are questionable derivations in their solution procedure such that researchers provided further examinations. We study two papers that are consid...

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Bibliographic Details
Main Author: Daniel Yi-Fong Lin
Format: Article
Language:English
Published: Hindawi Limited 2020-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2020/9316320