INFINITESIMAL DIVIDING METHOD: SOLE SUPPLIER INVENTORY COST MODEL WITH RANDOM LEAD TIMES
This paper considers the inventory model with random procurement lead time. Using infinitesimal dividing method, the exact (Q, r) inventory cost model of single supplier procurement is presented, which is proved equal to the traditional model. Main properties of the model are analyzed strictly. The convexity of the cost function per unit time is proved. Then the optimal solution can be easily obtained by applying the classical convex optimization methods. Finally,numerical examples are given to verify the main conclusions in this paper.
Inventory management random lead time infinitesimal dividing method convex optimization
PENG-CHENG JI SHI-JI SONG CHENG WU
Department of Automation, Tsinghua University, Beijing, 100084, China
国际会议
2006 International Conference on Machine Learning and Cybernetics(IEEE第五届机器学习与控制论坛)
大连
英文
225-229
2006-08-13（万方平台首次上网日期，不代表论文的发表时间）