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    ASIA unversity > 管理學院 > 經營管理學系  > 期刊論文 >  Item 310904400/8758

    Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/8758

    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: Department of Business Administration
    Keywords: Computational fluid dynamics;Differentiation (calculus);Digital arithmetic;Inventory control;Planning;Production;Production control;Supply chain management;Arithmetic-geometric mean inequality;Cauchy-Schwarz inequality;Shortage;Single-vendor single-buyer;Without derivatives
    Date: 2008
    Issue Date: 2010-04-08 19:10:14 (UTC+8)
    Publisher: Asia University
    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 19:601-604
    Appears in Collections:[經營管理學系 ] 期刊論文

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