In this paper, we propose a new model for improving lot size as obtained on applying the model given in “An integrated inventory model for a single vendor and multiple buyers with ordering cost reduction” (Int. J. Production Economics 73 203-215) proposed by Woo, Hsu, and Wu (2001) and our model provides a lower or equal joint total relevant cost as compared to Woo, Hsu, and Wu’s model. And a numerical study based on the example used by Woo, Hsu, and Wu is presented.
Liang, Liang; Yu, Yugang; and Dong, Yu, "On Improving an Integrated Inventory Model for a Single Vendor and Multiple Buyers with Ordering Cost Reduction" (2003). ICEB 2003 Proceedings. 2.