A note on "The EPQ with partial backordering and phase-dependent backordering rate"

Tsu-Pang Hsieh and Chung-Yuan Dye

Omega, 2012, vol. 40, issue 1, 131-133

Abstract: Pentico et al. [The EPQ with partial backordering and phase-dependent backordering rate. Omega 2011;39(5):574-7] recently proposed an EPQ model with partial backordering. They tried to determine the minimum average total cost per year from the three cases: to lose all sales, to meet all demand, and to allow stockouts with partial backordering. In this paper, we solve the same model without differential calculus and present a different decision procedure. Without the comparison of those costs, a numerical example is illustrated to determine the optimal production policy by our criteria.

Keywords: Production; lot; sizing; Phase-dependent; backordering; rate; EPQ; Partial; backordering; Arithmetic-geometric; mean; inequality (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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