The EOQ model with stochastic demand and discounting

Article Abstract:

The effects of discounting on the Economic Order Quantity with stochastic demand inventory model are analyzed when demand backlogging is present or not. Results indicate that without discounting, the stochastic variability of demand has no impact on the optimal order quantity. With discounting, however, the optimal order quantity rises along with the demand variance parameter.

Models, Discount (Finance), Parameter estimation

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Minimal standby redundancy allocation in a k-out-of-n:F system of dependent components

Article Abstract:

Martingale method to reliability theory, which solves the problem of distributing a redundant component in a system thereby enhancing system lifetime , is presented.

Brazil, Methods, Martingales (Mathematics)

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Threshold based discounting networks: the cost allocation provided by the nucleolus

Article Abstract:

Threshold based discounting network game to examine cost allocation problem in telec ommunication networks design is presented.

United States, Usage, Game theory, Telecommunications traffic, Communications traffic

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