A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models | Zendy

Jennifer Shu-Jen Lin | Zendy

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A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models

Author(s) -

Jennifer Shu-Jen Lin

Publication year - 2013

Publication title -

abstract and applied analysis

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.228

H-Index - 56

eISSN - 1687-0409

pISSN - 1085-3375

DOI - 10.1155/2013/251694

Subject(s) - assertion , mathematics , iterative method , algorithm , order (exchange) , distribution (mathematics) , mathematical optimization , computer science , mathematical analysis , finance , economics , programming language

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

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