Lead Time and Ordering Cost Reductions are Interdependent in Inventory Model with Backorder Price Discount

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Title:	Lead Time and Ordering Cost Reductions are Interdependent in Inventory Model with Backorder Price Discount
Authors:	Yu-Jen Lin
Keywords:	inventory lead time backorder price discount
Date:	2007-06-01
Issue Date:	2010-12-21 16:38:31 (UTC+8)
Publisher:	南華大學企業管理系管理科學碩士班
Abstract:	The stochastic inventory model analyzed in this paper explore the problem that the lead time and ordering cost reductions are interdependent in the continuous review inventory model with backorder discount. The objective of this paper is to minimize the total related cost by simultaneously optimizing the order quantity, lead time and backorder price discount. Moreover, the lead time demand is assumed to be normally distributed. A procedure of finding the optimal solution is developed. Furthermore, the sensitivity analysis is included and two numerical examples are given to illustrate the results.
Relation:	管理科學研究 4卷1期
Appears in Collections:	[The Journals of Nanhua University ] Management Sciences Research [Department of Business Administration, Master/Ph.D Program in Management Sciences] Management Sciences Research

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