An improved algorithm for the minimax distribution-free inventory model with incident-oriented shortage costs

2Citations
Citations of this article
2Readers
Mendeley users who have this article in their library.
Get full text

Abstract

This article reconsiders Gallego's minimax distribution-free procedure. He created a two-point distribution to serve the most unfavorable case for estimating the expected cost of lost sales. We provide a reasonable condition to insure the existence and uniqueness of the optimal solution and the convergence of Gallego's method. © 2006 Elsevier B.V. All rights reserved.

Cite

CITATION STYLE

APA

Lin, R., Chouhuang, W. T., Yang, G. K., & Tung, C. T. (2007). An improved algorithm for the minimax distribution-free inventory model with incident-oriented shortage costs. Operations Research Letters, 35(2), 232–234. https://doi.org/10.1016/j.orl.2006.03.009

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free