Note on inventory models with a permissible delay in payments

Authors

  • Cheng-Tan Tung Department of Information Management, Central Police University, Taiwan
  • Peter Shaohua Deng Department of Information Management, Central Police University, Taiwan
  • Jones P.C. Chuang Department of Traffic Science, Central Police University, Taiwan

DOI:

https://doi.org/10.2298/YJOR120622015T

Keywords:

fuzzy sets, convex combination

Abstract

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.

References

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Chang, H.J., Dye, C.Y., and Chuang, B.R., “An inventory model for deteriorating items under the condition of permissible delay in payments”, Yugoslav Journal of Operations Research, 12 (1) (2002) 73-84.

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Published

2014-02-01

Issue

Vol. 24 No. 1 (2014)

Section

Research Articles

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