A spectral problem and the associated hierarchy of Schrodinger type equatio
ns are proposed. It is shown that the hierarchy is integrable in Liouville'
s sense and possesses multi-Hamiltonian structure. It is found that several
kinds of important equation such as the Kaup-Newell (KN) equation, the Che
n-Lee-Liu (CLL) equation, the Gerdjikov-Ivanov (GI) equation, the modified
Korteweg-de Vries equation and the Sharma-Tasso-Olever equation are members
in the hierarchy as its special reductions. Moreover, KN, CLL and GI equat
ions are described by using a unified generalized derivative Schrodinger eq
uation involving a parameter, and their Hamiltonian structure and Lax pairs
are also given by unified and explicit formulae.