An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method

Kit-Nam Francis Leung

doi:10.1109/ICCIE.2010.5668207

An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method

^*Corresponding author for this work

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

Abstract

The main purpose of this paper is fourfold. First we extend Yang et al.'s model by including a fixed backorder cost for the buyer and three types of inspection cost for the vendor. Second we derive, using the complete squares method, the optimal expressions of the extended model, and hence readily deduce the explicitly optimal solution to Yang et al.'s model. Third we solve a numerical example so as to illustrate the solution procedure. Finally, some concluding remarks are drawn.

Original language	English
Title of host publication	40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010
DOIs	https://doi.org/10.1109/ICCIE.2010.5668207
Publication status	Published - 2010
Event	40th International Conference on Computers and Industrial Engineering, CIE40 2010 - Awaji, Japan Duration: 25 Jul 2010 → 28 Jul 2010

Conference

Conference	40th International Conference on Computers and Industrial Engineering, CIE40 2010
Place	Japan
City	Awaji
Period	25/07/10 → 28/07/10

Research Keywords

Inventory
Partial backorders
Production
The complete squares method

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10.1109/ICCIE.2010.5668207

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title = "An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method",

abstract = "The main purpose of this paper is fourfold. First we extend Yang et al.'s model by including a fixed backorder cost for the buyer and three types of inspection cost for the vendor. Second we derive, using the complete squares method, the optimal expressions of the extended model, and hence readily deduce the explicitly optimal solution to Yang et al.'s model. Third we solve a numerical example so as to illustrate the solution procedure. Finally, some concluding remarks are drawn.",

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author = "Leung, {Kit-Nam Francis}",

year = "2010",

doi = "10.1109/ICCIE.2010.5668207",

language = "English",

isbn = "9781424472956",

booktitle = "40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010",

note = "40th International Conference on Computers and Industrial Engineering, CIE40 2010 ; Conference date: 25-07-2010 Through 28-07-2010",

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Leung, K-NF 2010, An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method. in 40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010., 5668207, 40th International Conference on Computers and Industrial Engineering, CIE40 2010, Awaji, Japan, 25/07/10. https://doi.org/10.1109/ICCIE.2010.5668207

An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method. / Leung, Kit-Nam Francis.
40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010. 2010. 5668207.

Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review

TY - GEN

T1 - An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method

AU - Leung, Kit-Nam Francis

PY - 2010

Y1 - 2010

N2 - The main purpose of this paper is fourfold. First we extend Yang et al.'s model by including a fixed backorder cost for the buyer and three types of inspection cost for the vendor. Second we derive, using the complete squares method, the optimal expressions of the extended model, and hence readily deduce the explicitly optimal solution to Yang et al.'s model. Third we solve a numerical example so as to illustrate the solution procedure. Finally, some concluding remarks are drawn.

AB - The main purpose of this paper is fourfold. First we extend Yang et al.'s model by including a fixed backorder cost for the buyer and three types of inspection cost for the vendor. Second we derive, using the complete squares method, the optimal expressions of the extended model, and hence readily deduce the explicitly optimal solution to Yang et al.'s model. Third we solve a numerical example so as to illustrate the solution procedure. Finally, some concluding remarks are drawn.

KW - Inventory

KW - Partial backorders

KW - Production

KW - The complete squares method

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M3 - RGC 32 - Refereed conference paper (with host publication)

SN - 9781424472956

BT - 40th International Conference on Computers and Industrial Engineering: Soft Computing Techniques for Advanced Manufacturing and Service Systems, CIE40 2010

T2 - 40th International Conference on Computers and Industrial Engineering, CIE40 2010

Y2 - 25 July 2010 through 28 July 2010

ER -

An integrated single-vendor single-buyer inventory model with partial backorders solved using the complete squares method

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