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A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models

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  • Jennifer Lin

Abstract

We studied the iterative algorithm in Tung et al. (2010) to find out that their assertion is questionable. We derived two new relations between safe factor and order quantity so that we can execute the iterative algorithm proposed by Wu and Ouyang (2001). We have proved that three generated sequences indeed converge to provide a theoretical validation for their iterative procedure.

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  • Jennifer Lin, 2013. "A Study on Iterative Algorithm for Stochastic Distribution Free Inventory Models," Abstract and Applied Analysis, Hindawi, vol. 2013, pages 1-3, March.
  • Handle: RePEc:hin:jnlaaa:251694
    DOI: 10.1155/2013/251694
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    Cited by:

    1. Ting-Chen Hu & Kuo-Chen Hung & Kuo-Lung Yang, 2019. "The Convergence of Gallego’s Iterative Method for Distribution-Free Inventory Models," Mathematics, MDPI, vol. 7(5), pages 1-10, May.

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