An EOQ model for deteriorating items with time varying demand and partial backlogging

An EOQ model for deteriorating items with time varying demand and partial backlogging

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Article ID: iaor20003289
Country: United Kingdom
Volume: 50
Issue: 11
Start Page Number: 1176
End Page Number: 1182
Publication Date: Nov 1999
Journal: Journal of the Operational Research Society
Authors: ,
Keywords: economic order
Abstract:

In the classical economic order quantity model, it is often assumed that the shortages are either completely backlogged or completely lost. However, in some inventory systems, it is more reasonable to assume that the backlogging rate is dependent on the length of the waiting time for the next replenishment. The longer the waiting time is, the smaller the backlogging rate would be. In this paper, we focus on the effect of the backlogging rate on the economic order quantity decision. Numerical examples are presented to illustrate the model.

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