| Article ID: | iaor200156 |
| Country: | Netherlands |
| Volume: | 32 |
| Issue: | 2 |
| Start Page Number: | 267 |
| End Page Number: | 274 |
| Publication Date: | Dec 2000 |
| Journal: | Engineering Optimization |
| Authors: | Chung Kun-Jen, Chu Peter, Lan Shaw-Ping |
| Keywords: | optimization, production |
In a recent paper, Ben-Daya and Raouf presented a continuous review inventory model in which they considered both lead time and order quantity as decision variables where the total crashing cost is denoted by a negative exponential function of the lead time. However, the solution procedure of Ben-Daya and Raouf has some drawbacks sometimes. The Newton–Raphson method with an appropriate starting point is used to improve that of Ben-Daya and Raouf. Numerical examples illustrate how the Newton–Raphson method works.