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Improved solution for inventory model with defective goods. (English) Zbl 1426.90032

Summary: This paper is a consequence for a paper of S.-W. Lin et al. [ibid. 35, No. 5, 2087–2093 (2011; Zbl 1217.90016)]. We simplified their complicated solution procedure and then presented a revision to patch their negligence for the boundary minimums. Numerical examples are provided to demonstrate our findings.

MSC:

90B05 Inventory, storage, reservoirs

Citations:

Zbl 1217.90016
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References:

[1] Lin, S. W.; Wou, Y. W.; Julian, P., Note on minimax distribution free procedure for integrated inventory model with defective goods and stochastic lead time demand, Appl. Math. Model., 35, 2087-2093, (2011) · Zbl 1217.90016
[2] Ho, C. H., A minimax distribution free procedure for an integrated inventory model with defective goods and stochastic lead time demand, Int. J. Info. Manag. Sci., 20, 161-171, (2009) · Zbl 1168.90329
[3] Gallego, G.; Moon, I., The distribution free newsboy problem: review and extensions, J. Oper. Res. Soc., 44, 8, 825-834, (1993) · Zbl 0781.90029
[4] Moon, I.; Gallego, G., Distribution free procedures for some inventory models, J. Oper. Res. Soc., 45, 6, 651-658, (1994) · Zbl 0920.90050
[5] Hadley, G.; Whitin, T., Analysis of inventory systems, (1963), Prentice-Hall New Jersey · Zbl 0133.42901
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