ON IMPROVING AN INTEGRATED INVENTORY MODEL FOR A SINGLE VENDOR AND MULTIPLE BUYERS WITH A RELAXED MATERIAL ORDERING CYCLE POLICY

被引:0
|
作者
Yugang YU Feng CHU Haoxun CHEN FRE CNRS 2732 ISTIT-OSI
机构
基金
中国国家自然科学基金;
关键词
Inventory; integrated model; raw materials; single vendor; multiple buyers;
D O I
暂无
中图分类号
F717 [各种商业企业]; F224 [经济数学方法];
学科分类号
0202 ; 020205 ; 0701 ; 070104 ; 1202 ; 120202 ;
摘要
In this paper, we propose a new model for improving the lot size obtained with the model of Woo, Hsu, and Wu (2001) proposed in their paper “An integrated inventory model for a single vendor and multiple buyers with ordering cost reduction” (Int. J. Production Economics 73 203-215). The new model can provide a lower or equal joint total cost as compared to Woo, Hsu, and Wu’s model due to the relaxation of their integral multiple material ordering cycle policy to a fractional-integral multiple material ordering cycle policy. The proposed model is analyzed and an algorithm for calculating the optimal lot size of the model is developed. A numerical study based on the example used by Woo, Hsu, and Wu is presented.
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页码:298 / 313
页数:16
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