INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.

Douglas Montgomery, M. S. Bazaraa, Ajit K. Keswani

Research output: Contribution to journalArticle

229 Citations (Scopus)

Abstract

This article has treated inventory processes in which a fraction b of demand during the stockout period is backordered and the remainder is lost forever. In addition to a deterministic model heuristic, approximate treatments of reorder point and periodic review models for stochastic demand have been briefly considered. These models are representative of the real nature of inventory systems, and may be useful for the practical solution of inventory problems.

Original languageEnglish (US)
Pages (from-to)255-263
Number of pages9
JournalNaval Research Logistics
Volume20
Issue number2
StatePublished - Jun 1973
Externally publishedYes

Fingerprint

Lost Sales
Backorder
Inventory Model
Sales
Periodic Review
Stochastic Demand
Inventory Systems
Deterministic Model
Remainder
Heuristics
Model
Lost sales
Inventory model
Demand

ASJC Scopus subject areas

  • Management Science and Operations Research

Cite this

INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES. / Montgomery, Douglas; Bazaraa, M. S.; Keswani, Ajit K.

In: Naval Research Logistics, Vol. 20, No. 2, 06.1973, p. 255-263.

Research output: Contribution to journalArticle

Montgomery, D, Bazaraa, MS & Keswani, AK 1973, 'INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.', Naval Research Logistics, vol. 20, no. 2, pp. 255-263.
Montgomery, Douglas ; Bazaraa, M. S. ; Keswani, Ajit K. / INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES. In: Naval Research Logistics. 1973 ; Vol. 20, No. 2. pp. 255-263.
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