A generalization of Chu and Chung's (2004) sensitivity of the inventory model with partial backorders
Related Research Unit(s)
|Journal / Publication||European Journal of Operational Research|
|Publication status||Published - 16 Jul 2009|
|Link to Scopus||https://www.scopus.com/record/display.uri?eid=2-s2.0-58149240019&origin=recordpage|
In this paper, we use the elementary techniques of differential calculus to investigate the sensitivity analysis of Montgomery et al.'s [Montgomery, D.C., Bazaraa, M.S., Keswani, A.K., 1973. Inventory models with a mixture of backorders and lost sales. Naval Research Logistics Quarterly 20, 225-263] inventory model with a mixture of backorders and lost sales and generalize Chu and Chung's [Chu, P., Chung, K.J., 2004. The sensitivity of the inventory model with partial backorders. European Journal of Operational Research 152, 289-295] sensitivity analysis. We provide three numerical examples to demonstrate our findings, and remark the interpretation of the global minimum of the average annual cost at which the complete backordering occurs. © 2008 Elsevier B.V. All rights reserved.
- Inventory model, Monotonic properties, Partial backorders, Sensitivity analysis
European Journal of Operational Research, Vol. 196, No. 2, 16.07.2009, p. 554-562.
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review