Periodic review inventory policy with variable ordering cost, lead time, and backorder rate
In this paper, a stochastic periodic review inventory model is developed. The backorder rate (backorder price discount), ordering cost (safety stock), lead time, and review period are treated as decision variables. The ordering cost and lead time can be controlled by using capital investment and c...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Prince of Songkla University
2019-02-01
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| Series: | Songklanakarin Journal of Science and Technology (SJST) |
| Subjects: | |
| Online Access: | https://rdo.psu.ac.th/sjstweb/journal/41-1/1.pdf |