Abstract
|
Article Information:
Note on ‘Combining an Improved Multi-delivery Policy into a Single-producer Multi-retailer Integrated Inventory System with Scrap in Production’
Chung-li Chou, Wen Kuei Wu and Singa W. Chiu
Corresponding Author: Wen Kuei Wu
Submitted: May 21, 2014
Accepted: June 18, 2014
Published: August 15, 2014 |
Abstract:
|
In a recent study, Chiu et al. (2014) employed a mathematical modeling and conventional optimization technique to determine the optimal production-shipment policy for a single-producer multi-retailer integrated inventory system with scrap and an improved product distribution policy. This study replaces their optimization process of using differential calculus with an algebraic derivation. Such a simplified approach enables practitioners, who may have insufficient knowledge of calculus, to manage with ease the real world supply-chain systems.
Key words: Algebraic approach, cost reducing delivery policy, multiple retailers, optimization, production-shipment policy, supply chains management, synchronous deliveries
|
Abstract
|
PDF
|
HTML |
|
Cite this Reference:
Chung-li Chou, Wen Kuei Wu and Singa W. Chiu, . Note on ‘Combining an Improved Multi-delivery Policy into a Single-producer Multi-retailer Integrated Inventory System with Scrap in Production’. Research Journal of Applied Sciences, Engineering and Technology, (6): 767-771.
|
|
|
|
|
ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
|
Information |
|
|
|
Sales & Services |
|
|
|