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Chu, Peter; Yang, Kuo-Lung; Chen, Patrick S.

Improved inventory models with service level and lead time. (English) Zbl 1073.90005

Comput. Oper. Res. 32, No. 2, 285-296 (2005).
Summary: This paper explores the mixed inventory backorder and lost sales problem in which both the lead time and order quantity are treated as decision variables. In a recent paper [Comput. Oper. Res. 24, No. 9, 875–882 (1997; Zbl 0891.90059)] L. Y. Ouyang and K. S. Wu considered this problem. However, their algorithms might not find the optimal solution due to flaws in their solution procedure. We develop some lemmas to reveal the parameter effects and then present two complete procedures for finding the optimal solution for the models. The savings are illustrated by solving the same examples from Ouyang and Wu’s paper to demonstrate the superiority of our revised algorithms.

Cited in 10 Documents

MSC:

90B05 Inventory, storage, reservoirs

Keywords:

Inventory; Lead time; Backorder; Lost sales; Distribution-free approach

Citations:

Zbl 0891.90059
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\textit{P. Chu} et al., Comput. Oper. Res. 32, No. 2, 285--296 (2005; Zbl 1073.90005)
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References:

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This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. It attempts to reflect the references listed in the original paper as accurately as possible without claiming the completeness or perfect precision of the matching.