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Article: Optimal inventory policies when the quantity backordered is uncertain
Title | Optimal inventory policies when the quantity backordered is uncertain |
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Authors | |
Issue Date | 1986 |
Publisher | Pergamon. 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? |
Abstract | In 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 Identifier | http://hdl.handle.net/10722/155792 |
ISSN | 2023 Impact Factor: 6.7 2023 SCImago Journal Rankings: 1.701 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Mak, KL | en_US |
dc.date.accessioned | 2012-08-08T08:37:47Z | - |
dc.date.available | 2012-08-08T08:37:47Z | - |
dc.date.issued | 1986 | en_US |
dc.identifier.citation | Computers And Industrial Engineering, 1986, v. 10 n. 1, p. 21-28 | en_US |
dc.identifier.issn | 0360-8352 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/155792 | - |
dc.description.abstract | In 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.language | eng | en_US |
dc.publisher | Pergamon. The Journal's web site is located at http://www.elsevier.com/locate/cie | en_US |
dc.relation.ispartof | Computers and Industrial Engineering | en_US |
dc.title | Optimal inventory policies when the quantity backordered is uncertain | 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-s2.0-0022523981 | en_US |
dc.identifier.volume | 10 | en_US |
dc.identifier.issue | 1 | en_US |
dc.identifier.spage | 21 | en_US |
dc.identifier.epage | 28 | en_US |
dc.identifier.isi | WOS:A1986A903200003 | - |
dc.publisher.place | United Kingdom | en_US |
dc.identifier.scopusauthorid | Mak, KL=7102680226 | en_US |
dc.identifier.issnl | 0360-8352 | - |