“A simulation analysis of ordering policies under inflationary conditions”: A critique

Abstract

Mehra and Amini presented an inflation‐adjusted economic order quantity that found order quantities were stable for a range of inflation rates. This stability was a consequence of an arbitrary planning horizon constraint. Presents a comparison of their simulation‐based approach with a comparable but more simple model based on a continuous formulation. Mehra and Amini′s model is more complex, requires more work, and performs less well than the alternative.

Citation

Wilson, J.M. (1995), "“A simulation analysis of ordering policies under inflationary conditions”: A critique", International Journal of Operations & Production Management, Vol. 15 No. 8, pp. 89-91. https://doi.org/10.1108/01443579510094116