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...
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| Format: | Article |
| Language: | English |
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Wiley
2013-01-01
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| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2013/251694 |
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| _version_ | 1832548577731149824 |
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| author | Jennifer Lin |
| author_facet | Jennifer Lin |
| author_sort | Jennifer Lin |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-ecbaa5ed75ad4ebab12f0c63dc46a462 |
| institution | Kabale University |
| issn | 1085-3375 1687-0409 |
| language | English |
| publishDate | 2013-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Abstract and Applied Analysis |
| spelling | doaj-art-ecbaa5ed75ad4ebab12f0c63dc46a4622025-02-03T06:13:51ZengWileyAbstract and Applied Analysis1085-33751687-04092013-01-01201310.1155/2013/251694251694A Study on Iterative Algorithm for Stochastic Distribution Free Inventory ModelsJennifer Lin0Department of Transportation Logistics & Marketing Management, Toko University, Chiayi County 61363, TaiwanWe 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.http://dx.doi.org/10.1155/2013/251694 |
| spellingShingle | Jennifer Lin A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models Abstract and Applied Analysis |
| title | A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models |
| title_full | A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models |
| title_fullStr | A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models |
| title_full_unstemmed | A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models |
| title_short | A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models |
| title_sort | study on iterative algorithm for stochastic distribution free inventory models |
| url | http://dx.doi.org/10.1155/2013/251694 |
| work_keys_str_mv | AT jenniferlin astudyoniterativealgorithmforstochasticdistributionfreeinventorymodels AT jenniferlin studyoniterativealgorithmforstochasticdistributionfreeinventorymodels |