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An economic order quantity model with a random planning horizon.: An article from: Engineering Economist
	Authors: Ilkyeong Moon, Wonyoung Yun Publisher: Institute of Industrial Engineers, Inc. (IIE) Buy New: $5.95 as of 2/10/2012 20:13 MST details In Stock Seller: Amazon.com Format: HTML Language: English (Published) Media: Digital Pages: 11 ASIN: B00092USEW Publication Date: September 22, 1993 Availability: Available for download now



Editorial Reviews: Product Description This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on September 22, 1993. The length of the article is 3053 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser. From the author: The Economic Order Quantity (EOQ) model and its variations have received a lot of attention by researchers for a long time. However, an infinite planning horizon in practice is of rare occurrence because of changes in product specifications and design or its abandonment or substitution by another product due to rapid development of technology. This paper studies an EOQ Model which relaxes the assumption of the infinite planning horizon. In addition, the discounted cash flow (DCF) approach is used to properly recognize the financial implication of the cash flows in an inventory analysis. We derive the general expression of the expected present value for the inventory carrying and ordering costs, and investigate the characteristics of the function for the exponential distribution. Citation Details Title: An economic order quantity model with a random planning horizon. Author: Ilkyeong Moon Publication: Engineering Economist (Refereed) Date: September 22, 1993 Publisher: Institute of Industrial Engineers, Inc. (IIE) Volume: v39 Issue: n1 Page: p77(10) Distributed by Thomson Gale

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