A simple approach to an integrated single-vendor single buyer inventory system with shortage

機構典藏 > College of Business and Management > Department of Management Sciences > Journal Article > Item 987654321/65030

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/65030

Title:	A simple approach to an integrated single-vendor single buyer inventory system with shortage
Authors:	Hsieh, Tsu-pang;Chang, Horng-jinh;Weng, Ming-wei;Dye, Chung-yuan
Contributors:	淡江大學經營決策學系
Keywords:	without derivatives;arithmetic–geometric mean inequality;Cauchy–Schwarz inequality;single-vendor single-buyer;shortage
Date:	2008-09
Issue Date:	2011-10-20 16:26:22 (UTC+8)
Publisher:	Oxfordshire: Taylor & Francis
Abstract:	In this article, a simple approach with two basic inequalities (Cauchy–Schwarz inequality and arithmetic–geometric mean inequality) is used to solve the integrated single-vendor single-buyer inventory problem developed by Wu and Ouyang (Wu, K.-S. and Ouyang, L.-Y., 2003. An integrated single-vendor single-buyer inventory system with shortage derived algebraically. Production Planning & Control, 14 (6), 555–561). Without the method of completing perfect square, the proposed approach yields the global minimum of the integrated total cost per year more easily than the algebraic approach used by Wu and Ouyang (2003). In addition, for people without the background of calculus, it is more useful to determine the buyer's economic order quantity and the vendor's optimal number of deliveries.
Relation:	Production Planning and Control 19(6), pp.601-604
DOI:	10.1080/09537280802462789
Appears in Collections:	[Department of Management Sciences] Journal Article

Files in This Item:

File	Description	Size	Format
A simple approach to an integrated single vendor single buyer inventory system with shortage.pdf		400Kb	Adobe PDF	20	View/Open
index.html		0Kb	HTML	15	View/Open