Accession Number : AD0672952

Title :   ON THE CONVEXITY OF THE BACKORDER FUNCTION FOR AN E. O. Q. POLICY,

Corporate Author : RAND CORP SANTA MONICA CA

Personal Author(s) : Brooks, Robin B. S. ; Lu, John Y.

Report Date : JUL 1968

Pagination or Media Count : 5

Abstract : Under suitable assumptions Hadley and Whitin gave the average number of backorders incurred per year under an economic order policy. In this note we show that if the reorder point is restricted to be suitably large, then the backorder function is convex. (Author)

Descriptors :   *INVENTORY CONTROL, SPECIAL FUNCTIONS(MATHEMATICS), THEOREMS, LEAD TIME, PROBABILITY DENSITY FUNCTIONS.

Subject Categories : Logistics, Military Facilities and Supplies
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE