A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models
We studied the iterative algorithm in Tung et al. (2010) to find out that their assertion is questionable. We derived two new relations between safe factor and order quantity so that we can execute the iterative algorithm proposed by Wu and Ouyang (2001). We have proved that three generated sequenc...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2013-01-01
|
| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2013/251694 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | We studied the iterative algorithm in Tung et al. (2010) to find out that their assertion is questionable. We derived two new relations between safe factor and order quantity so that we can execute the iterative algorithm proposed by Wu and Ouyang (2001). We have proved that three generated sequences indeed converge to provide a theoretical validation for their iterative procedure. |
|---|---|
| ISSN: | 1085-3375 1687-0409 |