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Article: Optimal inventory policies when the quantity backordered is uncertain

TitleOptimal inventory policies when the quantity backordered is uncertain
Authors
Mak, KL
Issue Date1986
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/cie
Citation
Computers And Industrial Engineering, 1986, v. 10 n. 1, p. 21-28 How to Cite?
AbstractIn this paper, a mathematical model is developed for an inventory system in which the demand during the stockout period is partially backordered. Two cases are considered to account for the variability in the quantity backordered. In the first case it is assumed that the standard deviation of the quantity backordered is independent of the cumulative shortage while in the second case the standard deviation of the quantity backordered is assumed to be proportional to the cumulative shortage. Optimal replenishment policies are synthesized for both cases. A numerical example is used to illustrate the theory. © 1986.
Persistent Identifierhttp://hdl.handle.net/10722/155792
ISSN
0360-8352
2023 Impact Factor: 6.7
2023 SCImago Journal Rankings: 1.701
ISI Accession Number ID
WOS:A1986A903200003

 

DC FieldValueLanguage
dc.contributor.authorMak, KLen_US
dc.date.accessioned2012-08-08T08:37:47Z-
dc.date.available2012-08-08T08:37:47Z-
dc.date.issued1986en_US
dc.identifier.citationComputers And Industrial Engineering, 1986, v. 10 n. 1, p. 21-28en_US
dc.identifier.issn0360-8352en_US
dc.identifier.urihttp://hdl.handle.net/10722/155792-
dc.description.abstractIn this paper, a mathematical model is developed for an inventory system in which the demand during the stockout period is partially backordered. Two cases are considered to account for the variability in the quantity backordered. In the first case it is assumed that the standard deviation of the quantity backordered is independent of the cumulative shortage while in the second case the standard deviation of the quantity backordered is assumed to be proportional to the cumulative shortage. Optimal replenishment policies are synthesized for both cases. A numerical example is used to illustrate the theory. © 1986.en_US
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/cieen_US
dc.relation.ispartofComputers and Industrial Engineeringen_US
dc.titleOptimal inventory policies when the quantity backordered is uncertainen_US
dc.typeArticleen_US
dc.identifier.emailMak, KL:makkl@hkucc.hku.hken_US
dc.identifier.authorityMak, KL=rp00154en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0022523981en_US
dc.identifier.volume10en_US
dc.identifier.issue1en_US
dc.identifier.spage21en_US
dc.identifier.epage28en_US
dc.identifier.isiWOS:A1986A903200003-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridMak, KL=7102680226en_US
dc.identifier.issnl0360-8352-

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