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Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time

  • Technical Note
  • Published:
Journal of the Operational Research Society

Abstract

In a recent paper, Ben-Daya and Raouf presented a continuous review inventory model in which they considered both lead time and the order quantity as decision variables where the shortages are neglected. We assume here that the shortages are allowed and we extend the Ben-Daya and Raouf model by adding the stockout cost. Furthermore, the effects of parameters are also included.

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Authors and Affiliations

  1. Graduate Institute of Management Sciences, Tamkang University, Taipei, Taiwan

    Liang-Yuh Ouyang & Kun-Shan Wu

  2. Department of Mathematics, Tamsui Oxford University College, Taipei, Taiwan

    Neng-Che Yeh

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  1. Liang-Yuh Ouyang
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  2. Neng-Che Yeh
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  3. Kun-Shan Wu
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Ouyang, LY., Yeh, NC. & Wu, KS. Mixture Inventory Model with Backorders and Lost Sales for Variable Lead Time. J Oper Res Soc 47, 829–832 (1996). https://doi.org/10.1057/jors.1996.102

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  • DOI: https://doi.org/10.1057/jors.1996.102

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