INVENTORY MODELS WITH A MIXTURE OF BACKORDERS AND LOST SALES.

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

Research output: Contribution to journalArticle

236 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 languageEnglish (US)
Pages (from-to)255-263
Number of pages9
JournalNaval Research Logistics
Volume20
Issue number2
StatePublished - Jan 1 1973
Externally publishedYes

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ASJC Scopus subject areas

  • Modeling and Simulation
  • Ocean Engineering
  • Management Science and Operations Research

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