A Note on “Inventory Models with Cost Increases”

S. K. Goyal
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S. K. Goyal: Concordia University, Montreal, Canada

Operations Research, 1992, vol. 40, issue 2, 414-415

Abstract: In this note, a simple procedure is given for determining the optimal ordering policy for an item for which an increase in the price has been announced. The procedure eliminates the need for evaluation and comparison of the total costs of alternate ordering policies for determining the optimal ordering policy.

Keywords: inventory/production:; ordering; strategies; for; price; increases (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (1)

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