Abstract
We generalize the concept of K-convexity to an n-dimensional Euclidean space. The resulting concept of K-convexity is useful in addressing production and inventory problems where there are individual product setup costs and/or joint setup costs. We derive some basic properties of K -convex functions. We conclude the paper with some suggestions for future research.
| Original language | English |
|---|---|
| Pages (from-to) | 71-88 |
| Number of pages | 18 |
| Journal | Journal of Optimization Theory and Applications |
| Volume | 127 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Oct 2005 |
| Externally published | Yes |
Keywords
- (s, S) policy
- Inventory models
- K-convexity
- Supermodular functions