A BACKLOG INVENTORY MODEL DURING RESTRICTED SALE PERIODS

Authors
AULLHYDE RL
Citation
Rl. Aullhyde, A BACKLOG INVENTORY MODEL DURING RESTRICTED SALE PERIODS, The Journal of the Operational Research Society, 47(9), 1996, pp. 1192-1200
Citations number
6
Categorie Soggetti
Management,"Operatione Research & Management Science","Operatione Research & Management Science
Journal title
The Journal of the Operational Research Society → ACNP
ISSN journal
01605682
Volume
47
Issue
9
Year of publication
1996
Pages
1192 - 1200
Database
ISI
SICI code
0160-5682(1996)47:9<1192:ABIMDR>2.0.ZU;2-Q
Abstract
Optimal purchasing policies are derived for a continuous review invent ory system in which backlogs are permissible and temporary price disco unts are available. This paper derives such policies assuming that the sale price is not available at the regularly-scheduled replenishment time. Results indicate that, under specific conditions, maximum positi ve cost savings are generated when a special order is placed at the en d of the sale period.