A note on

Hsu, J.; Hsu, L.

International Journal of Industrial Engineering Computations

ISSN 1923-2934 (Online) - ISSN 1923-2926 (Print) Quarterly Publication Volume 3 Issue 5 pp. 939-948 , 2012

A note on "Optimal inventory model for items with imperfect quality and shortage backordering" Pages 939-948 Download PDF

Authors: Jia-Tzer Hsu, Lie-Fern Hsu

DOI: 10.5267/j.ijiec.2012.05.007

Keywords: EOQ, Expected profit per unit of time, Imperfect quality, Inventory backordering

Abstract: Wee et al. (2007) developed an optimal inventory model. In this technical note, we point out a contradiction between Wee et al. & apos; s model and their assumption. A corrected model is developed based on their assumption. Numerical examples show that in terms of the two decision variables, there is a significant difference between the corrected model and Wee et al. & apos; s model. The results also show that that the penalty of using Wee et al. & apos; s model can be significant under certain situations.

How to cite this paper

 Hsu, J & Hsu, L. (2012). A note on "Optimal inventory model for items with imperfect quality and shortage backordering".International Journal of Industrial Engineering Computations , 3(5), 939-948.

Refrences

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Wee, H.M., Yu, J., & . Chen, M.C. (2007). Optimal inventory model for items with imperfect quality and shortage backordering, Omega, 35, 7-11.