A note on a single-vendor and multiple-buyers production-inventory policy for a deteriorating item

In this note we examine the total cost function of a single-vendor multiple-buyers production-inventory policy for a deteriorating item by Yang and Wee [P.C. Yang and H.M. Wee, A single-vendor multiple-buyers production-inventory policy for a deteriorating item, European Journal of Operational Resea...

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Bibliographic Details
Published inEuropean journal of operational research Vol. 180; no. 3; pp. 1130 - 1134
Main Authors Wee, H.M., Jong, J.F., Jiang, J.C.
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.08.2007
Elsevier
Elsevier Sequoia S.A
SeriesEuropean Journal of Operational Research
Subjects
Applied sciences
Costs
Deterioration
Exact sciences and technology
Inventory control, production control. Distribution
Inventory management
Operational research and scientific management
Operational research. Management science
Operations research
Perishable goods
Production-inventory model
Replenishment policy
Studies
Production-inventory model
Deterioration
Replenishment policy
Small series production
Perishable item
Refeeding
Replenishment
Cost function
Inventory control
Multiple production
Modeling
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Summary:In this note we examine the total cost function of a single-vendor multiple-buyers production-inventory policy for a deteriorating item by Yang and Wee [P.C. Yang and H.M. Wee, A single-vendor multiple-buyers production-inventory policy for a deteriorating item, European Journal of Operational Research 143 (2002) 570–581]. Two possible flaws in the cost function of Wee and Yang’s model are pointed out. A proposal to eradicate the flaws is given.
ISSN:0377-2217
1872-6860
DOI:10.1016/j.ejor.2006.01.050