A Closed-Form Approximation Solution for an Inventory Model with Supply Disruptions and Non-ZIO Reorder Policy
In supply chains, domestic and global, a producer must decide on an optimal quantity of items to order from suppliers and at what inventory level to place this order (the EOQ problem). We discuss how to modify the EOQ in the face of failures and recoveries by the supplier. This is the EOQ with disru...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
International Institute of Informatics and Cybernetics
2007-08-01
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| Series: | Journal of Systemics, Cybernetics and Informatics |
| Subjects: | |
| Online Access: | http://www.iiisci.org/Journal/CV$/sci/pdfs/P332062.pdf
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