Year: 2026
Type: article
Abstract: Hwang developed inventory models with amelioration items and applied the graphical method to locate the optimal solution. In this study, we derive an analytical method to find two local maximum points and one local minimum point. Our maximum profit is greatly superior to that of Hwang, because his maximum profit is about 0.246% of ours. The local maximum point near the starting point (denoted as 3×10−7) is almost impossible to discoverby the numerical method, illustrating the effectiveness of our analytical method.
Source: Algorithms
DOI: 10.3390/a19010090
Author: Scott Shu-Cheng Lin
Institution: Hsing Wu University
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $1,930
OpenAlex ID: W7125836312