Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time

Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time

In a recent paper, Ben-Daya and Raouf presented a continuous review inventory model in which they considered both lead time and the order quantity as decision variables where the shortages are neglected. We assume here that the shortages are allowed and we extend the Ben-Daya and Raouf model by addi...

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Veröffentlicht in:The Journal of the Operational Research Society 1996-06, Vol.47 (6), p.829-832
Hauptverfasser: Ouyang, Liang-Yuh, Yeh, Neng-Che, Wu, Kun-Shan
Format: Artikel
Sprache:eng
Schlagworte:
Applied sciences
Backorders
Business and Management
Carrying costs
Crashing Cost
Decision analysis
Determinism
Exact sciences and technology
Gaussian distributions
Inventories
Inventory
Inventory control, production control. Distribution
Inventory management
Lead Time
Lost Sales
Management
Mathematical models
Minimization of cost
Operational research and scientific management
Operational research. Management science
Operations research
Operations Research/Decision Theory
Order quantity
Shortages
Standard deviation
Studies
Technical Note
Technical Notes
Total costs
Unit costs
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Beschreibung
Zusammenfassung:In a recent paper, Ben-Daya and Raouf presented a continuous review inventory model in which they considered both lead time and the order quantity as decision variables where the shortages are neglected. We assume here that the shortages are allowed and we extend the Ben-Daya and Raouf model by adding the stockout cost. Furthermore, the effects of parameters are also included.
ISSN:0160-5682
1476-9360
DOI:10.1057/jors.1996.102