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Time-value of money 1 inflation 1 product life cycle 1 production system 1
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CHANG, JER-YUAN 1 WEE, HUI-MING 1 WIDYADANA, GEDE A. 1 YU, JONAS C. P. 1
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Asia-Pacific Journal of Operational Research (APJOR) 1
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THE EFFECTS OF INFLATION AND TIME VALUE OF MONEY ON A PRODUCTION MODEL WITH A RANDOM PRODUCT LIFE CYCLE
YU, JONAS C. P.; WEE, HUI-MING; WIDYADANA, GEDE A.; … - In: Asia-Pacific Journal of Operational Research (APJOR) 27 (2010) 04, pp. 437-456
In Moon and Lee's model (2000), they developed a finite planning horizon economic order quantity (EOQ) model with time value of money and inflation. This paper extends Moon and Lee's model to examine a production system with a random life cycle. Two conditions are discussed: the first is when...
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