Approximation of optimal order policy for deteriorating items with a linearly increasing demand

Approximation of optimal order policy for deteriorating items with a linearly increasing demand

0.00 Avg rating0 Votes
Article ID: iaor20002630
Country: India
Volume: 20
Issue: 3
Start Page Number: 429
End Page Number: 442
Publication Date: Sep 1999
Journal: Journal of Information & Optimization Sciences
Authors:
Keywords: deteriorating items
Abstract:

We consider the paper recently published in Optimization by Chung and Ting. They studied the economic ordering policy for deteriorating items with a linearly increasing demand. Their results contained two unnecessary propositions and one incomplete theorem. The purposes of this paper are threefold. First, we point out these drawbacks in their paper. Second, an approximated solution is offered by us. Third, we show the existence and uniqueness properties of our solution. A numerical example is given to illustrate the results.

Reviews

Required fields are marked *. Your email address will not be published.