On the unimodality of METRIC Approximation subject to normally distributed demands

  • Thibaut, thibaut. barthelemy
  • Published 2015

Abstract

METRIC Approximation is a popular model for supply chain management. We prove that it has a unimodal objective function when the demands of the n retailers are normally distributed. That allows us to solve it with a convergent sequence. This optimization method leads us to a closed-form equation of computational complexity Θ(n). Its solutions are at most 0… (More)

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