Asset Details
Do you wish to reserve the book?
Inventory Models with Compounding Interest Revisited
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Inventory Models with Compounding Interest Revisited
Do you wish to request the book?
Inventory Models with Compounding Interest Revisited
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Inventory Models with Compounding Interest Revisited
2024
Overview
We provide a detailed examination of inventory models with compounding interest that derived an approximated closed-form optimal solution. The goal of our paper is threefold. First, we find a criterion to guarantee the existence of the original optimal solution. Under the criterion, we prove the uniqueness of the original optimal solution. Second, because the source paper did not consider the zeros of the first derivative, we point out that the complicated discussion of the second derivative proposed by the source paper is useless in his derivations. Third, we provide our approximated closed-form optimal solution that is more accurate than the approximated closed-form optimal solution in the source paper. Numerical examples cited from the source paper support our claim. Our paper will provide significant improvements to the source paper.
Publisher
International Association of Engineers
Subject
