The Engineering Economist · 2003 · 33 citations · 5 references
Natural SciencesEconomicsMathematicsDifferential EquationsMathematical EconomicsOptimizationEconomic Order QuantityOptimization In EconomicsPrice OptimizationEconomic Order Quantity ModelOptimal Pricing PoliciesSale Price Analysis
ABSTRACT Most previous works applied differential calculus to derive optimal solutions for economic ordering policy. The formulations are suggested in this short note to show that optimal solutions can be derived algebraically without using differential calculus to treat the EOQ model with a temporary sale price.
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