Computation of constrained optimum quantities and reorder points for time‐weighted backorder penalties

John P. Matthews

Naval Research Logistics Quarterly, 1977, vol. 24, issue 4, 679-690

Abstract: The purpose of this paper and the accompanying tables is to facilitate the calculation of constrained optimum order quantities and reorder points for an inventory control system where the criterion of optimality is the minimization of expected inventory holding, ordering, and time‐weighted backorder costs. The tables provided in the paper allow the identification of the optimal solution when order quantities and/or reorder points are restricted to a set of values which do not include the unconstrained optimal solution.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:24:y:1977:i:4:p:679-690

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