A note on the convexity of the objective function for a simple common component inventory problem

被引:2
作者
Fu, HZ [1 ]
Fong, DKH [1 ]
机构
[1] Penn State Univ, Smeal Coll Business Adm, Dept Management Sci & Informat Syst, University Pk, PA 16802 USA
关键词
component commonality; inventory; convexity;
D O I
10.1016/S0925-5273(98)00051-6
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
We prove the convexity of the objective function for any continuous demand distribution for a common component inventory problem as considered in Jonsson and Silver (Engineering Costs and Production Economics 16 (1989) 257-267). This result guarantees that a local optimum is the global optimum. It facilitates the determination of optimal stock levels for the components. (C) 1998 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:143 / 148
页数:6
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ENGINEERING COSTS AND PRODUCTION ECONOMICS, 1989, 16 (04) :257-267