Effective investment to reduce lost-sales rate in a periodic review inventory model | |
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學年 | 96 |
學期 | 1 |
出版(發表)日期 | 2007-10-01 |
作品名稱 | Effective investment to reduce lost-sales rate in a periodic review inventory model |
作品名稱(其他語言) | |
著者 | 歐陽良裕; Ouyang, Liang-yuh; Chuang, Bor-ren; Lin, Yu-jen |
單位 | 淡江大學經營決策學系 |
出版者 | Springer |
著錄名稱、卷期、頁數 | OR Spectrum 29(4), pp.681-697 |
摘要 | In 1973 Montgomery et al. proposed an (R, T) type of a periodic review inventory model in which the lost-sales rate caused by stockout is given. The purpose of this article is to investigate in this heuristic periodic review inventory model with partial lost-sales to effectively increase investment and to reduce the lost-sales rate. We discuss two models: complete (normal distribution) and partial (distribution free) information about the protection interval (i.e., review period plus lead time) demand distribution. For each model, two commonly used investment cost functional forms, logarithmic and power, are employed for lost-sales rate reduction. That is, for these two investment cost functions, we first assume that the protection interval demand follows a normal distribution, and then we assume that only first and second moments of the probability distribution of protected interval demand are known. Two algorithms are developed to find the optimal investment decision, and six numerical examples are given to illustrate the results. |
關鍵字 | Inventory;Periodic review;Lost-sales rate;Minimax distribution-free procedure |
語言 | en |
ISSN | 0171-6468 |
期刊性質 | 國外 |
收錄於 | |
產學合作 | |
通訊作者 | |
審稿制度 | 否 |
國別 | DEU |
公開徵稿 | |
出版型式 | ,紙本 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/50410 ) |