“A simulation analysis of ordering policies under inflationary conditions”: A critique

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.

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Year of publication:	1995
Authors:	Wilson, James M.
Published in:	International Journal of Operations & Production Management. - MCB UP Ltd, ISSN 1758-6593, ZDB-ID 2032083-8. - Vol. 15.1995, 8, p. 89-91
Publisher:	MCB UP Ltd
Subject:	Economic order quantities \| Inflation \| Models \| Policy

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Type of publication:	Article
Type of publication (narrower categories):	conceptual-paper
Language:	English
Other identifiers:	10.1108/01443579510094116 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014790583