淡江大學機構典藏:Item 987654321/65030
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    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

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