Note on inventory models with a permissible delay in payments
Author(s) -
Cheng-Tan Tung,
Peter Deng,
Jones Pi-Chang Chuang
Publication year - 2013
Publication title -
yugoslav journal of operations research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 21
eISSN - 1820-743X
pISSN - 0354-0243
DOI - 10.2298/yjor120622015t
Subject(s) - payment , computer science , operations research , property (philosophy) , work (physics) , type (biology) , mathematics , engineering , world wide web , biology , mechanical engineering , ecology , philosophy , epistemology
This note tries to provide a patch work for the paper of Chang Dye and Chuang (published in Yugoslav Journal of Operational Research 2002, number 1, 73-84). Their paper contains an important finding of smoothly connected property that can very dramatically simplify the solution procedure of many inventory models with ramp type demand and trapezoidal type demand. Our improvement will arouse attention of the researchers and help them apply their important findings in the pending research projects
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