標題: Note on inventory model with a mixture of back orders and lost sales
作者: Chu, P
Yang, KL
Liang, SK
Niu, T
工業工程與管理學系
Department of Industrial Engineering and Management
關鍵字: inventory;back orders;lost sales;tradeoff time-cost
公開日期: 1-十二月-2004
摘要: Competitiveness is an important means of determining whether a company will prosper. Business organizations compete with one another in a variety of ways. Among these competitive methods are time and cost factors. The purpose of this paper is to examine the inventory models presented by Padmanabhan and Vrat [International Journal of Systems Sciences 21 (1990) 1721] with a mixture of back orders and lost sales. We develop the criterion for the optimal solution for the total cost function. If the criterion is not satisfied, this model will degenerate into one cycle inventory model with a finite inventory period. This implies an extension of shortage period as long as possible to produce lower cost. However, we know that time is another important factor in company competitiveness. Customers will not indefinitely wait for back orders. A tradeoff will be made between the two most important factors; time and cost. The minimum total cost is evaluated under the diversity cycle time and illustrations are applied to explain the calculation process. This work provides a reference for decision-makers. (C) 2003 Elsevier B.V. All rights reserved.
URI: http://dx.doi.org/10.1016/S0377-2217(03)00416-8
http://hdl.handle.net/11536/25599
ISSN: 0377-2217
DOI: 10.1016/S0377-2217(03)00416-8
期刊: EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume: 159
Issue: 2
起始頁: 470
結束頁: 475
顯示於類別:期刊論文


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  1. 000222980400014.pdf