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     Research Journal of Applied Sciences, Engineering and Technology

    Abstract
2014(Vol.8, Issue:6)
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
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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
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