“A simulation analysis of ordering policies under inflationary conditions”: A critique
International Journal of Operations & Production Management
ISSN: 0144-3577
Article publication date: 1 August 1995
Abstract
Mehra and Amini presented an inflation‐adjusted economic order quantity that found order quantities were stable for a range of inflation rates. This stability was a consequence of an arbitrary planning horizon constraint. Presents a comparison of their simulation‐based approach with a comparable but more simple model based on a continuous formulation. Mehra and Amini′s model is more complex, requires more work, and performs less well than the alternative.
Keywords
Citation
Wilson, J.M. (1995), "“A simulation analysis of ordering policies under inflationary conditions”: A critique", International Journal of Operations & Production Management, Vol. 15 No. 8, pp. 89-91. https://doi.org/10.1108/01443579510094116
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited