search query: @indexterm GEOMETRIC PROGRAMMING / total: 5
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| Author: | Cheng, T. C. E. |
| Title: | An economic order quantity model with demand-dependent unit cost. |
| Journal: | European Journal of Operational Research
1989 : MAY 25, VOL. 40:2, p. 252-256 |
| Index terms: | GEOMETRIC PROGRAMMING INVENTORIES DEMAND MODELS |
| Language: | eng |
| Abstract: | For the classical economic order quantity problem a relationship between demand and unit cost may exist under certain circumstances. An economic order quantity model is proposed with demand dependent unit cost and the optimization problem is formulated as a geometric program. The geometric problem is solved analytically to obtain a closed-form optimal solution. An illustrative example is provided to show the working procedures of applying geometric problem approach. It is demonstrated that geometric problem has potential as a viable mathematical tool for the analysis of a certain class of inventory control problems. |
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