Comment on ‘An ordering policy for deteriorating items with allowable shortage and permissible delay in payment’ by Jamal,Sarker and Wang

機構典藏 > College of Business and Management > Department of Management Sciences > Journal Article > Item 987654321/65011

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/65011

Title:	Comment on ‘An ordering policy for deteriorating items with allowable shortage and permissible delay in payment’ by Jamal,Sarker and Wang
Authors:	Hsieh, Tsu-Pang;Dye, Chung-Yuan;Ouyang, Liang-Yuh
Contributors:	淡江大學經營決策學系
Keywords:	Studies;Operations research;Inventory control;Mathematical models
Date:	2008-06
Issue Date:	2011-10-20 16:22:25 (UTC+8)
Publisher:	Basingstoke: Palgrave Macmillan Ltd.
Abstract:	In an article published in JORS, Aggarwal and Jaggi (1995) considered the inventory model with an exponential deterioration rate under the condition of permissible delay in payments. Later on, Jamal et al (1997) extended Aggarwal and Jaggi's model to allow for shortages. This viewpoint complements the shortcomings of Jamal et al (1997). First, it shows that the optimal solution for each case not only exists but is unique under specific circumstance. Then, it provides a procedure for finding the optimal solution and shows in a rigorous way that the solution is indeed global minimum. In a specific circumstance, without the extremely high backorder cost, the model reduces to the case with no shortage and obtains the negative minimum cost.
Relation:	Journal of the Operational Research Society 59(6), pp.867-870
DOI:	10.1057/palgrave.jors.2602579
Appears in Collections:	[Department of Management Sciences] Journal Article

Files in This Item:

File	Description	Size	Format
Comment on An ordering policy for deteriorating items with allowable shortage and permissible delay in payment by Jamal Sarker and Wang.pdf		286Kb	Adobe PDF	24	View/Open
index.html		0Kb	HTML	35	View/Open