A simple cost minimization procedure for the \((Q, r)\) inventory system with a specified fixed cost per stockout occasion

DOI10.1016/J.APM.2008.08.023zbMath1185.90011OpenAlexW2081996508MaRDI QIDQ967929

Kuo-Lung Hou, Kun-Jen Chung, Pin-Shou Ting

Publication date: 2 May 2010

Published in: Applied Mathematical Modelling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.apm.2008.08.023

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (3)

An EOQ model for perishable products with fixed shelf life under stochastic demand conditions ⋮ An extension of the reorder point method by using advance demand spike information ⋮ Approximated closed-form minimum-cost solution to the \((r, q)\) policy with complete backordering and further developments

Cites Work

• Robustness of the normal approximation of lead-time demand in a distribution setting

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