Author： Kun-Shan Wu
Publisher： Taylor & Francis Ltd
ISSN： 1366-5871
Source： Production Planning and Control, Vol.14, Iss.6, 2003-09, pp. : 555-561
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Abstract
In previous modellings of the integrated vendor-buyer system for the shortage is the not-allowed case, a new approach to find the buyer's economic order quantity (EOQ ) and the vendor's optimal number of deliveries, using some slight algebraic developments, appeared. This paper extends the mentioned algebraic approach to the integrated vendor-buyer system for the shortage case. The theoretical result obtained here reveals that the integrated total cost with shortage is lower than the integrated total cost without shortage.
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