author_facet Li, Qing
Yu, Peiwen
Li, Qing
Yu, Peiwen
author Li, Qing
Yu, Peiwen
spellingShingle Li, Qing
Yu, Peiwen
Operations Research
Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
Management Science and Operations Research
Computer Science Applications
author_sort li, qing
spelling Li, Qing Yu, Peiwen 0030-364X 1526-5463 Institute for Operations Research and the Management Sciences (INFORMS) Management Science and Operations Research Computer Science Applications http://dx.doi.org/10.1287/opre.1110.1034 <jats:p> We show that under a set of conditions, both the maximal profit function and the objective function in several lost-sales inventory models with fixed costs are quasiconcave. Not only is the quasiconcavity property useful computationally, it also leads to a sharper characterization of the optimal policies. Neither the proof of the quasiconcavity property itself nor the proof of the optimal policies by using the property requires the machinery of K-concavity or any of its K-related extensions, and hence they are intuitively appealing. </jats:p> Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs Operations Research
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title Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_unstemmed Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_full Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_fullStr Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_full_unstemmed Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_short Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_sort technical note—on the quasiconcavity of lost-sales inventory models with fixed costs
topic Management Science and Operations Research
Computer Science Applications
url http://dx.doi.org/10.1287/opre.1110.1034
publishDate 2012
physical 286-291
description <jats:p> We show that under a set of conditions, both the maximal profit function and the objective function in several lost-sales inventory models with fixed costs are quasiconcave. Not only is the quasiconcavity property useful computationally, it also leads to a sharper characterization of the optimal policies. Neither the proof of the quasiconcavity property itself nor the proof of the optimal policies by using the property requires the machinery of K-concavity or any of its K-related extensions, and hence they are intuitively appealing. </jats:p>
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description <jats:p> We show that under a set of conditions, both the maximal profit function and the objective function in several lost-sales inventory models with fixed costs are quasiconcave. Not only is the quasiconcavity property useful computationally, it also leads to a sharper characterization of the optimal policies. Neither the proof of the quasiconcavity property itself nor the proof of the optimal policies by using the property requires the machinery of K-concavity or any of its K-related extensions, and hence they are intuitively appealing. </jats:p>
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spelling Li, Qing Yu, Peiwen 0030-364X 1526-5463 Institute for Operations Research and the Management Sciences (INFORMS) Management Science and Operations Research Computer Science Applications http://dx.doi.org/10.1287/opre.1110.1034 <jats:p> We show that under a set of conditions, both the maximal profit function and the objective function in several lost-sales inventory models with fixed costs are quasiconcave. Not only is the quasiconcavity property useful computationally, it also leads to a sharper characterization of the optimal policies. Neither the proof of the quasiconcavity property itself nor the proof of the optimal policies by using the property requires the machinery of K-concavity or any of its K-related extensions, and hence they are intuitively appealing. </jats:p> Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs Operations Research
spellingShingle Li, Qing, Yu, Peiwen, Operations Research, Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs, Management Science and Operations Research, Computer Science Applications
title Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_full Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_fullStr Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_full_unstemmed Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_short Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
title_sort technical note—on the quasiconcavity of lost-sales inventory models with fixed costs
title_unstemmed Technical Note—On the Quasiconcavity of Lost-Sales Inventory Models with Fixed Costs
topic Management Science and Operations Research, Computer Science Applications
url http://dx.doi.org/10.1287/opre.1110.1034