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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.
© MCB UP Limited
1995
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