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.

Keywords:

Algebraic approach, cost reducing delivery policy, multiple retailers, optimization , production-shipment policy, supply chains management, synchronous deliveries,

References

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Competing interests

The authors have no competing interests.

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