A generalization of sensitivity of the inventory model with partial backorders

Kit-Nam Francis Leung

European Journal of Operational Research, 2009, vol. 196, issue 2, 554-562

Abstract: In this paper, we use the elementary techniques of differential calculus to investigate the sensitivity analysis of Montgomery et al.'s [Montgomery, D.C., Bazaraa, M.S., Keswani, A.K., 1973. Inventory models with a mixture of backorders and lost sales. Naval Research Logistics Quarterly 20, 225-263] inventory model with a mixture of backorders and lost sales and generalize Chu and Chung's [Chu, P., Chung, K.J., 2004. The sensitivity of the inventory model with partial backorders. European Journal of Operational Research 152, 289-295] sensitivity analysis. We provide three numerical examples to demonstrate our findings, and remark the interpretation of the global minimum of the average annual cost at which the complete backordering occurs.

Keywords: Inventory; model; Partial; backorders; Sensitivity; analysis; Monotonic; properties (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377-2217(08)00352-4
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:196:y:2009:i:2:p:554-562

Access Statistics for this article

European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

More articles in European Journal of Operational Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().