By　reformulating　the　linear　complementarity　problem　into　a　new　equivalent　fixed-point　equation,　we　deduce　a　modified　modulus　method,　which　is　a　generalization　of　the　classical　one.　Convergence　for　this　new　method　and　the　optima　of　the　parameter　involved　are　analyzed.　Then,　an　inexact　iteration　process　for　this　new　method　is　presented,　which　adopts　some　kind　of　iterative　methods　for　determining　an　approximate　solution　to　each　system　of　linear　equations　involved　in　the　outer　iteration.　Global　convergence　for　this　inexact　modulus　method　and　two　specific　implementations　for　the　inner　iterations　are　discussed.　Numerical　results　show　that　our　new　methods　arc　more　efficient　than　the　classical　one　under　suitable　conditions.　©　2008　John　Wiley　&　Sons,　Ltd.