ON IMPROVING AN INTEGRATED INVENTORY MODEL FOR A SINGLE VENDOR AND MULTIPLE BUYERS WITH A

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

CYCLE POLICY

Yugang YU;Feng CHU;Haoxun CHEN

【期刊名称】《系统科学与系统工程学报（英文版）》 【年(卷),期】2006(015)003

【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 \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. 【总页数】16页(298-313)

【关键词】Inventory;integrated vendor;multiple buyers

【作者】Yugang YU;Feng CHU;Haoxun CHEN

model;raw

materials;single