Halkos, George; Kevork, Ilias; Tziourtzioumis, Chris - Volkswirtschaftliche Fakultät, … - 2014
In this paper we investigate the convexity of the annual total cost function for the Hadley & Whitin (1963) continuous … Log-Normal distributions. Convexity conditions are obtained for each distribution and numerical examples are given to … between convexity and cost parameters as their values determine when the minimum cost obtained from solving the first order …