✦ LIBER ✦
On some multiattribute value function generalizations of the EOQ model in the context of personal inventory decisions
✍ Scribed by Marvin D. Troutt
- Publisher
- Springer US
- Year
- 1991
- Tongue
- English
- Weight
- 478 KB
- Volume
- 30
- Category
- Article
- ISSN
- 0040-5833
No coin nor oath required. For personal study only.
✦ Synopsis
By personal inventory decisions we mean the decisions on quantity purchased which are made daily in such activities as grocery shopping. This topic has previously been introduced only at the conceptual level. Hence our main purpose is to provide a quantitative discussion. Some specific models are pursued to solution. Surprisingly, a conjoint value function aggregator leads to indifference in replenishment quantity. Contrasts to the EOQ assumptions are highlighted.