Journal article
A Note on a Material Control Problem
IIE transactions, Vol.15(2), pp.177-179
06/01/1983
DOI: 10.1080/05695558308974630
Abstract
In a material control problem by Hodgson and Lowe [4], an iterative algorithm is used to minimize a function which considers, for n item classes, the setup cost, inventory carrying cost, and warehouse material handling cost. We show that each subproblem in this iterative scheme can be reduced to a convex program. As a by-product of this result, we show that a stationary point of a Hodgson-Lowe subproblem is a global minimum of the subproblem.
Details
- Title: Subtitle
- A Note on a Material Control Problem
- Creators
- Siegfried Schaible - University of AlbertaTimothy J. Lowe - Purdue University West Lafayette
- Resource Type
- Journal article
- Publication Details
- IIE transactions, Vol.15(2), pp.177-179
- DOI
- 10.1080/05695558308974630
- ISSN
- 0740-817X
- eISSN
- 1545-8830
- Publisher
- Taylor & Francis Group
- Number of pages
- 3
- Language
- English
- Date published
- 06/01/1983
- Academic Unit
- Business Analytics
- Record Identifier
- 9984963205402771
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