A note on "The EPQ with partial backordering and phase-dependent backordering rate"
Pentico et al. [The EPQ with partial backordering and phase-dependent backordering rate. Omega 2011;39(5):574-7] recently proposed an EPQ model with partial backordering. They tried to determine the minimum average total cost per year from the three cases: to lose all sales, to meet all demand, and to allow stockouts with partial backordering. In this paper, we solve the same model without differential calculus and present a different decision procedure. Without the comparison of those costs, a numerical example is illustrated to determine the optimal production policy by our criteria.
Year of publication: |
2012
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Authors: | Hsieh, Tsu-Pang ; Dye, Chung-Yuan |
Published in: |
Omega. - Elsevier, ISSN 0305-0483. - Vol. 40.2012, 1, p. 131-133
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Publisher: |
Elsevier |
Keywords: | Production lot sizing Phase-dependent backordering rate EPQ Partial backordering Arithmetic-geometric mean inequality |
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