Article ID Journal Published Year Pages File Type
1032927 Omega 2011 4 Pages PDF
Abstract

In previous work we established a closed-form optimal stocking strategy for an EPQ model with partial backordering at a constant rate β. Here we extend this work to allow for the possibility that the percentage of demand backordered will increase when production starts again. We show how our previous model can be adapted to find the optimal decision variable values for this new assumption and develop the condition that the initial value of β must meet for partial backordering to be optimal.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Strategy and Management
Authors
, , ,