The effects of inflation and the time value of money on some inventory systems

M. Jeya Chandra, Michael L. Bahner

Research output: Contribution to journalArticlepeer-review

90 Scopus citations

Abstract

The effects of inflation and the time value of money on the optimal policies of the order- level system and the economic lot-size system are examined. Two different inflation rates. one for the internal and the other for the external costs. are assumed. The objective is to minimize the present value of the total costs per unit time.

Original languageEnglish (US)
Pages (from-to)723-730
Number of pages8
JournalInternational Journal of Production Research
Volume23
Issue number4
DOIs
StatePublished - Jan 1 1985

All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

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