INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.

Douglas C. Montgomery; M. S. Bazaraa; Ajit K. Keswani

doi:10.1002/nav.3800200205

INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.

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

Research output: Contribution to journal › Article › peer-review

282 Scopus citations

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 language	English (US)
Pages (from-to)	255-263
Number of pages	9
Journal	Naval Research Logistics
Volume	20
Issue number	2
DOIs	https://doi.org/10.1002/nav.3800200205
State	Published - 1973
Externally published	Yes

ASJC Scopus subject areas

Modeling and Simulation
Ocean Engineering
Management Science and Operations Research

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10.1002/nav.3800200205

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title = "INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.",

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.",

author = "Montgomery, {Douglas C.} and Bazaraa, {M. S.} and Keswani, {Ajit K.}",

year = "1973",

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AB - 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.

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INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.

Abstract

ASJC Scopus subject areas

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