A note on "Optimal inventory model for items with imperfect quality and shortage backordering"
Year: 2012
Type: article
Abstract: Wee et al. (2007) developed an optimal inventory model.In this technical note, we point out a contradiction between Wee et al.'s model and their assumption.A corrected model is developed based on their assumption.Numerical examples show that in terms of the two decision variables, there is a significant difference between the corrected model and Wee et al.'s model.The results also show that that the penalty of using Wee et al.'s model can be significant under certain situations.
Authors: Jia-Tzer Hsu, Lie-Fern Hsu
Institutions: City University of New York, Hungkuang University, Baruch College
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2089840349