On the Convexity of the Backorder Function for an E.O.Q. Policy

Anonymous

Management Science, 1969, vol. 15, issue 7, 453-454

Abstract: This note gives sufficient conditions for convexity of the function B(r, Q) of average number of backorders incurred per year, derived by Hadley and Whitin [Hadley, G., T. M. Whitin. 1963. Analysis of Inventory Systems. Prentice-Hall, Inc.].

Date: 1969
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