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An improved (Q, R) formulation when the stockout cost is incurred on a per-stockout basis

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  • Lau, Amy Hing Ling
  • Lau, Hon-Shiang

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  • Lau, Amy Hing Ling & Lau, Hon-Shiang, 2008. "An improved (Q, R) formulation when the stockout cost is incurred on a per-stockout basis," International Journal of Production Economics, Elsevier, vol. 111(2), pages 421-434, February.
    • Handle: RePEc:eee:proeco:v:111:y:2008:i:2:p:421-434
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    References listed on IDEAS

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    1. J. B. Ward, 1978. "Determining Reorder Points When Demand is Lumpy," Management Science, INFORMS, vol. 24(6), pages 623-632, February.
    2. Janssen, Fred & Heuts, Ruud & de Kok, Ton, 1998. "On the (R, s, Q) inventory model when demand is modelled as a compound Bernoulli process," European Journal of Operational Research, Elsevier, vol. 104(3), pages 423-436, February.
    3. Robert L. Winkler & Gary M. Roodman & Robert R. Britney, 1972. "The Determination of Partial Moments," Management Science, INFORMS, vol. 19(3), pages 290-296, November.
    4. Duran, Alfonso & Gutierrez, Gil & Zequeira, Romulo I., 2004. "A continuous review inventory model with order expediting," International Journal of Production Economics, Elsevier, vol. 87(2), pages 157-169, January.
    5. Yu-Sheng Zheng, 1992. "On Properties of Stochastic Inventory Systems," Management Science, INFORMS, vol. 38(1), pages 87-103, January.
    6. Chen, Fangruo & Zheng, Yu-Sheng, 1993. "Inventory models with general backorder costs," European Journal of Operational Research, Elsevier, vol. 65(2), pages 175-186, March.
    7. C. R. Mitchell & R. A. Rappold & W. B. Faulkner, 1983. "An Analysis of Air Force EOQ Data with an Application to Reorder Point Calculation," Management Science, INFORMS, vol. 29(4), pages 440-446, April.
    8. Kaj Rosling, 2002. "Inventory Cost Rate Functions with Nonlinear Shortage Costs," Operations Research, INFORMS, vol. 50(6), pages 1007-1017, December.
    9. Steven Nahmias & W. Steven Demmy, 1981. "Operating Characteristics of an Inventory System with Rationing," Management Science, INFORMS, vol. 27(11), pages 1236-1245, November.
    10. Riezebos, Jan, 2006. "Inventory order crossovers," International Journal of Production Economics, Elsevier, vol. 104(2), pages 666-675, December.
    11. Baganha, Manuel P. & Pyke, David F. & Ferrer, Geraldo, 1996. "The undershoot of the reorder point: Tests of an approximation," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 311-320, August.
    12. David E. Platt & Lawrence W. Robinson & Robert B. Freund, 1997. "Tractable (Q, R) Heuristic Models for Constrained Service Levels," Management Science, INFORMS, vol. 43(7), pages 951-965, July.
    13. Cetinkaya, S. & Parlar, M., 1998. "Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs," European Journal of Operational Research, Elsevier, vol. 110(1), pages 20-41, October.
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    Cited by:

    1. Halkos, George & Kevork, Ilias & Tziourtzioumis, Chris, 2014. "Optimal inventory policies with an exact cost function under large demand uncertainty," MPRA Paper 60545, University Library of Munich, Germany.

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