A NOTE ON THE OPTIMAL SUPPLY CYCLE WHEN THE WHOLE PERIOD IS STOCKOUT

Miao-Sheng Chen and Ying-Chieh Chen ()
Additional contact information
Miao-Sheng Chen: Graduate Institute of Management Sciences, Nanhua University, Taiwan, R.O.C.
Ying-Chieh Chen: Department of Accounting, Ming Chuan University, Taiwan, R.O.C.

Asia-Pacific Journal of Operational Research (APJOR), 2010, vol. 27, issue 05, 611-616

Abstract: The purpose of this article is to construct a stochastic-demand inventory model which assumes that the whole period is stockout and the goods supply is at the end of the period. Furthermore, it also assumes that the waiting willingness of the customer depends on the length of waiting time. Based on these assumptions, the optimal supply cycle is then found so that the profit per unit time is maximized.

Keywords: Stockout; inventory; supply cycle; backordered; stochastic demand (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217595910002892
Access to full text is restricted to subscribers

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:wsi:apjorx:v:27:y:2010:i:05:n:s0217595910002892

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217595910002892

Access Statistics for this article

Asia-Pacific Journal of Operational Research (APJOR) is currently edited by Gongyun Zhao

More articles in Asia-Pacific Journal of Operational Research (APJOR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().