(Q,r) inventory model with random lead time and partial backlogging

(Q,r) inventory model with random lead time and partial backlogging

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Article ID: iaor20033075
Country: China
Volume: 30
Issue: 1
Start Page Number: 103
End Page Number: 105
Publication Date: Jan 2002
Journal: Journal of Huazhong University of Science and Technology
Authors:
Abstract:

This paper presents two (Q,r) inventory models with random lead time and partial backlogging. In Model I, lead time X is a exogenous random variable. Lead time is x′ = tx in the second where t is an ‘expediting factor’. Two mathematical models which minimize the average cost per unit time of operating the inventory system are developed. The models are illustrated by numerical examples.

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