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Growing Science » International Journal of Industrial Engineering Computations » Periodic inventory model with controllable lead time where backorder rate depends on protection interval

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International Journal of Industrial Engineering Computations
ISSN 1923-2934 (Online) - ISSN 1923-2926 (Print)
Quarterly Publication
Volume 5 Issue 2 pp. 235-248, 2014

Periodic inventory model with controllable lead time where backorder rate depends on protection interval Pages 235-248 Right click to download the paper Download PDF

Authors: Chandra K Jaggi, Haider Ali, Neetu Arneja

📋 Author Affiliations:
Chandra K. Jaggi ORCID 1, Haider Ali ORCID 2, Neetu Arneja1
1 Department of Operational Research, University of Delhi, Delhi-110007, India
2 College of Vocational Studies, Department of Management Studies, University of Delhi, Delhi-110017, India
doi 10.5267/j.ijiec.2014.1.001
4 Source: Scopus
Crossref 2 Source: CrossRef

🔑 Keywords: Backorder discount-, Crashing cost, Inventory, Lead-time, Minimax, Periodic review

Abstract: In this paper, a period review inventory model with controllable lead time has been considered where shortages are partially backlogged. The backorder rate is dependent on the backorder discount and the length of the protection interval, which is sum of the review period and the lead time. Two cases have been discussed for protection interval demand which are (a) Demand distribution is known (Normal Distribution) (b) Demand distribution is unknown (Minimax distribution). Further, algorithms have been developed which jointly optimize the backorder discount, the review period and the lead time for each case. Numerical examples are also presented to illustrate the results.

How to cite this paper
APA: Jaggi, C., Ali, H & Arneja, N. (2014). Periodic inventory model with controllable lead time where backorder rate depends on protection interval. International Journal of Industrial Engineering Computations, 5(2), 235-248.
Chicago/Turabian: Jaggi, C., Ali, H & Arneja, N. 2014. "Periodic inventory model with controllable lead time where backorder rate depends on protection interval." International Journal of Industrial Engineering Computations 5, no. 2 (2014): 235-248.
AMA: Jaggi, C., Ali, H & Arneja, N. Periodic inventory model with controllable lead time where backorder rate depends on protection interval. International Journal of Industrial Engineering Computations. 2014;5(2):235-248.

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📚 Journal: International Journal of Industrial Engineering Computations | 📅 Year: 2014 | 📖 Volume: 5 | 📄 Issue: 2 | 👁️ Views: 3216 | 📊 Crossref: 2

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