An Efficient Inventory Rationing Strategy for Systems with Two Demand Classes and Backordering

An Efficient Inventory Rationing Strategy for Systems with Two Demand Classes and Backordering

For systems with two customer classes and backordering, the formulae for the optimal dynamic critical levels in the literature are too complex to be extended to large values of critical levels. In this paper, an efficient method is introduced to obtain approximate closed-form expressions for the dyn...

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Bibliographic Details
Main Authors: Liu, S., Zhang, Changyong
Format: Journal Article
Published: Taylor & Francis 2015
Online Access:http://hdl.handle.net/20.500.11937/45833

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