A note on evaluating investments in inventory systems: a net present value framework.: An article from: Engineering Economist

This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on September 22, 1993. The length of the article is 1729 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Recently, Roumi and Schnabel wrote an addendum to attempt to fill gaps found in the article by Kim, Philippatos and Chung. They claimed that the objective functions developed by Kim, Philippatos and Chung are concave. However, we present a counter example which disproves their claim. In addition, we give clarifying explanations that the unique inflection point is a global maximum even though the objective functions are not concave. Consequently, we justify the optimality of solutions derived from the first order conditions in Kim, Philippatos and Chung.

Citation Details
Title: A note on evaluating investments in inventory systems: a net present value framework.
Author: Ilkyeong Moon
Publication:Engineering Economist (Refereed)
Date: September 22, 1993
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v39 Issue: n1 Page: p93(7)

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