Title
The EPQ with partial backordering and phase dependent backordering rate
Document Type
Article
Publication Date
10-2011
Publication Title
Omega
Department
Mathematics and Computer Science
Abstract
In previous work we established a closed-form optimal stocking strategy for an EPQ model with partial backordering at a constant rate ?. Here we extend this work to allow for the possibility that the percentage of demand backordered will increase when production starts again. We show how our previous model can be adapted to find the optimal decision variable values for this new assumption and develop the condition that the initial value of ? must meet for partial backordering to be optimal.
ISSN
0305-0483
WorldCat Link
Citation
Pentico, D., Drake, M., and Toews, C. “The EPQ with partial backordering and phase dependent backordering rate.” Omega, Volume 39, Issue 5, pp. 574–77, October 2011.