Optimal inventory system with two backlog costs in response to a discount offer: corrections and complements

Leopoldo Eduardo Cárdenas-Barrón (), Kun-Jen Chung, Nima Kazemi and Ehsan Shekarian
Additional contact information
Kun-Jen Chung: Chung Yuan Christian University
Nima Kazemi: Islamic Azad University
Ehsan Shekarian: Young Researchers and Elite Club, Hamedan Branch, Islamic Azad University

Operational Research, 2018, vol. 18, issue 1, No 5, 97-104

Abstract: Abstract Kindi and Sarker (Prod Plan Control 22(3):325–333, 2011) develop an inventory model with backlogging to determine the optimal ordering policies in response to a discount offer. In the paper, there are some technical errors in developing of the optimal ordering policies. This paper presents the correct mathematical expressions and the solution to the numerical examples. Furthermore, this study also provides the closed forms for the optimal total gain costs that were not given by Kindi and Sarker (Prod Plan Control 22(3):325–333, 2011).

Keywords: EOQ; Optimal ordering policy; Discount offer; Sale period; Backlog (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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DOI: 10.1007/s12351-016-0255-8

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