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Comments on a Simple Method to Compute Economic Order Quantities.
- 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