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

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题名:	A simple approach to an integrated single-vendor single buyer inventory system with shortage
作者:	Hsieh, Tsu-pang;Chang, Horng-jinh;Weng, Ming-wei;Dye, Chung-yuan
贡献者:	淡江大學經營決策學系
关键词:	without derivatives;arithmetic–geometric mean inequality;Cauchy–Schwarz inequality;single-vendor single-buyer;shortage
日期:	2008-09
上传时间:	2011-10-20 16:26:22 (UTC+8)
出版者:	Oxfordshire: Taylor & Francis
摘要:	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.
關聯:	Production Planning and Control 19(6), pp.601-604
DOI:	10.1080/09537280802462789
显示于类别:	[管理科學學系暨研究所] 期刊論文

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