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Journal of Applied Sciences
  Year: 2009 | Volume: 9 | Issue: 6 | Page No.: 1194-1197
DOI: 10.3923/jas.2009.1194.1197
 
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Using the Complete Squares Method to Analysis the Global Optimal Policy for Vendor-Buyer Integrated Inventory System Within Just in Time Environment

Fang-Kuo Wang and Kun-Shan Wu

Abstract:
The present study was carried out to investigate Yang’s model by using an algebraic method (neither applying the first-order nor the second-order differentiations) to determine the optimal replenishment policy. The number of delivery and the integrated total cost is immediately provided by the proposed algebraic derivation as well. As a result, students who are unfamiliar with calculus may be able to understand the solution procedure with ease.
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How to cite this article:

Fang-Kuo Wang and Kun-Shan Wu, 2009. Using the Complete Squares Method to Analysis the Global Optimal Policy for Vendor-Buyer Integrated Inventory System Within Just in Time Environment. Journal of Applied Sciences, 9: 1194-1197.

DOI: 10.3923/jas.2009.1194.1197

URL: https://scialert.net/abstract/?doi=jas.2009.1194.1197

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