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Comments on a Simple Method to Compute Economic Order Quantities.

Authors :
Te-Yuan Chiang
Liqiu Zhou
Zhigao Luo
Hailin Li
Source :
IAENG International Journal of Applied Mathematics. May2024, Vol. 54 Issue 5, p851-858. 8p.
Publication Year :
2024

Abstract

This study examines several papers to study inventory models with back orders to provide a simpler solution procedure for EOQ/EPQ inventory models by using Arithmetic Geometric Mean inequality or Cauchy Bunyakovsky Schwarz inequality. We will point out that a paper implicitly adopted the fill rate from a published article without proper citation to convert two-variable minimum problems into one-variable problems. Hence, his simpler solution procedure is standing on the shoulder of a giant. We also provide detailed examinations for other three related papers that was related to our studied article to point out their contributions and questionable results. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19929978
Volume :
54
Issue :
5
Database :
Academic Search Index
Journal :
IAENG International Journal of Applied Mathematics
Publication Type :
Academic Journal
Accession number :
177132867