Article ID: | iaor19931691 |
Country: | United States |
Volume: | 33 |
Start Page Number: | 27 |
End Page Number: | 35 |
Publication Date: | May 1992 |
Journal: | Production and Inventory Management Journal |
Authors: | Gupta Surendra M., Brennan Louis |
The performance of lot-sizing algorithms incorporating backorders is evaluated and compared with several of the traditional lot-sizing rules for the multi-level environment. By means of simulation, the impact of a variety of demand streams, product structures, and cost parameters on lot sizing is examined. The backordering algorithims offer greater flexibility with little or no decrement in performance when compared to their non-backorder counterparts.