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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/75335

    Title: Closed-form solutions for Wee’s and Martin’s EOQ models with a temporary price discount
    Authors: Chang, Horng-jinh;Lin, Wen-feng;Ho, Jow-fei
    Contributors: 淡江大學管理科學學系
    Keywords: Deterioration;Economic order quantity;Temporary sale price;Discount price
    Date: 2011-06
    Issue Date: 2012-03-20 19:50:42 (UTC+8)
    Publisher: Amsterdam: Elsevier BV
    Abstract: In this article, we use closed-form solutions to solve Wee and Yu (1997) deteriorating inventory model with a temporary price discount and Martin’s (1994) EOQ model with a temporary sale price. In Wee and Yu (1997) and Martin’s (1994), the benefits during the temporary price discount purchase cycle are represented by their objective functions. Wee and Yu (1997) and Martin (1994) only used search methods to find approximate solutions. Following the theorems we suggested, you can find closed-form solution directly when there are integer operators involve in an objective function. Using the data of Wee and Yu (1997) and Martin (1994), we can find the results are more quick and more accurate.
    Relation: International Journal of Production Economics 131(2), pp.528–534
    DOI: 10.1016/j.ijpe.2011.01.021
    Appears in Collections:[Department of Management Sciences] Journal Article

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