Journal article
Comparison of two periodic review models for stochastic and price-sensitive demand environment
Abstract
In this paper, we study two periodic review inventory models which primarily differ in terms of how backordering cost is charged: time-independent backordering (TIB) model where the backordering cost is charged per unit backordered and is independent of the length of time for which backorders persist; and the time-dependent backordering (TDB) model where the backordering cost is charged based on the number of backorders as well as the length of …
Authors
Ray S; Song Y; Verma M
Journal
International Journal of Production Economics, Vol. 128, No. 1, pp. 209–222
Publisher
Elsevier
Publication Date
November 2010
DOI
10.1016/j.ijpe.2010.07.019
ISSN
0925-5273