A Note on “Inventory Models with Cost Increases”
Published Online:1 Apr 1992https://doi.org/10.1287/opre.40.2.414
Abstract
In this note, a simple procedure is given for determining the optimal ordering policy for an item for which an increase in the price has been announced. The procedure eliminates the need for evaluation and comparison of the total costs of alternate ordering policies for determining the optimal ordering policy.
