Advances in Analysis

Download PDF (222.7 KB) PP. 10 - 13 Pub. Date: January 15, 2017

DOI: 10.22606/aan.2017.11002

• Shu-Cheng Lin
  Department of Hospital Management, Lee-Ming Institute of Technology
• Han-Wen Tuan
  Department of Computer Science and Information Management, Hungkuang University
• Peterson Julian^*
  Department of Traffic Science, Central Police University

Cárdenas-Barrón (2010) applied algebraic methods to EOQ and EPQ models without referring to differential equations, allowing researchers without backgrounds in calculus to understand inventory models with ease. In this note, we point out that the derivation for EPQ model can be obtained by a transformation of the EOQ model and then we provide a further simplification of his approach such that future practitioners can realize his important findings and apply algebraic methods in their own research.

Algebraic method, cauchy-Bunyakovsky-Schwarz (CBS) inequality, arithmeticgeometric mean (AGM) inequality.

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