ON THE CONVEXITY OF THE BACKORDER FUNCTION FOR AN E. O. Q. POLICY,
Abstract
Under suitable assumptions Hadley and Whitin gave the average number of backorders incurred per year under an economic order policy. In this note we show that if the reorder point is restricted to be suitably large, then the backorder function is convex. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1968
- Accession Number
- AD0672952
Entities
People
- John Y. Lu
- Robin B. S. Brooks
Organizations
- RAND Corporation