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Please use this identifier to cite or link to this item: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/26038

Title: A partial backorder control for continuous review (r, Q) inventory system with poisson demand and constant lead time
Authors: Gad Rabinowitz;Abraham Mehrez;Ching-Wu Chu;B.Eddy Patuwo
Contributors: NTOU:Department of Shipping and Transportation Management
Date: 1995-08
Issue Date: 2011-10-20T08:33:32Z
Publisher: Computers & Operations Research
Abstract: Abstract:In this paper, we consider the partial backorder policy used in conjunction with the traditional stochastic (r, Q) inventory system. The partial backorder control is modeled using a control variable, b, which limits the maximum number of backorders allowed to be accumulated in any given cycle. In traditional inventory control policies, the unsatisfied demands are either completely backordered or completely lost. The new control variable b provides an alternative to dealing with shortages, which is different from the two extremes policies: the pure backorder policy (which corresponds to b=∞) and the lost sales policy (b=0). We obtain the expected annual cost of the model and give a procedure to compute the optimal parameters, r∗, b∗ and Q∗. Numerical examples which demonstrate the advantage of implementing the partial backorder policy are presented and the percentage of cost savings depends on the fill rate.
Relation: 22(7), pp.689-700
URI: http://ntour.ntou.edu.tw/handle/987654321/26038
Appears in Collections:[航運管理學系] 期刊論文

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