Raehsler, Rod D.; Zhao, Yifan; Yang, Chin-wei; Sohng, … - In: Advances in management & applied economics 2 (2012) 2, pp. 179-189
This paper improves upon the existing literature surrounding the production order quantity inventory model in which unit cost and daily production are assumed to be constant. By including economies of scale into the model, we examine its impact on production order quantity and total cost. The...
