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 language | English (US) |
|---|---|
| Pages (from-to) | 723-730 |
| Number of pages | 8 |
| Journal | International Journal of Production Research |
| Volume | 23 |
| Issue number | 4 |
| DOIs | |
| State | Published - Jan 1 1985 |
All Science Journal Classification (ASJC) codes
- Strategy and Management
- Management Science and Operations Research
- Industrial and Manufacturing Engineering