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Article: INVENTORY CONTROL OF DEFECTIVE PRODUCTS WHEN THE DEMAND IS PARTIALLY CAPTIVE.
| Title | INVENTORY CONTROL OF DEFECTIVE PRODUCTS WHEN THE DEMAND IS PARTIALLY CAPTIVE. |
|---|---|
| Authors | |
| Issue Date | 1985 |
| Publisher | Taylor & Francis Ltd. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/00207543.asp |
| Citation | International Journal Of Production Research, 1985, v. 23 n. 3, p. 533-542 How to Cite? |
| Abstract | A mathematical model is developed for an inventory system in which the number of units of acceptable quality in a replenishment lot is uncertain and the demand is partially captive. It is assumed that the fraction of the demand during the stockout period which can be backordered is a random variable whose probability distribution is known. The optimal replenishment policy is synthesized for such a system. A numerical example is used to illustrate the theory. The results indicate that the optimal replenishment policy is sensitive to the nature of the demand during the stockout period. |
| Persistent Identifier | http://hdl.handle.net/10722/155788 |
| ISSN | 2021 Impact Factor: 9.018 2020 SCImago Journal Rankings: 1.909 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Mak, KL | en_US |
| dc.date.accessioned | 2012-08-08T08:37:46Z | - |
| dc.date.available | 2012-08-08T08:37:46Z | - |
| dc.date.issued | 1985 | en_US |
| dc.identifier.citation | International Journal Of Production Research, 1985, v. 23 n. 3, p. 533-542 | en_US |
| dc.identifier.issn | 0020-7543 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10722/155788 | - |
| dc.description.abstract | A mathematical model is developed for an inventory system in which the number of units of acceptable quality in a replenishment lot is uncertain and the demand is partially captive. It is assumed that the fraction of the demand during the stockout period which can be backordered is a random variable whose probability distribution is known. The optimal replenishment policy is synthesized for such a system. A numerical example is used to illustrate the theory. The results indicate that the optimal replenishment policy is sensitive to the nature of the demand during the stockout period. | en_US |
| dc.language | eng | en_US |
| dc.publisher | Taylor & Francis Ltd. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/00207543.asp | en_US |
| dc.relation.ispartof | International Journal of Production Research | en_US |
| dc.title | INVENTORY CONTROL OF DEFECTIVE PRODUCTS WHEN THE DEMAND IS PARTIALLY CAPTIVE. | en_US |
| dc.type | Article | en_US |
| dc.identifier.email | Mak, KL:makkl@hkucc.hku.hk | en_US |
| dc.identifier.authority | Mak, KL=rp00154 | en_US |
| dc.description.nature | link_to_subscribed_fulltext | en_US |
| dc.identifier.scopus | eid_2-s2.0-0022061896 | en_US |
| dc.identifier.volume | 23 | en_US |
| dc.identifier.issue | 3 | en_US |
| dc.identifier.spage | 533 | en_US |
| dc.identifier.epage | 542 | en_US |
| dc.publisher.place | United Kingdom | en_US |
| dc.identifier.scopusauthorid | Mak, KL=7102680226 | en_US |
| dc.identifier.issnl | 0020-7543 | - |