Early order commitment (EOC) is one of the strategies for supply chain coordination, wherein a retailer places its orders to a supplier in advance, i.e., the retailer's ordering lead time is longer than the regular delivery time from the supplier to the retailer. This paper explores the value of...

This paper discusses some points of the algebraic optimisation method and the cost comparisons optimisation method. Moreover, mathematical expressions are derived for the backorders level for the EOQ and EPQ inventory models with planned backorders that were not provided by the cost comparisons...

This paper contains an analytical formulation for performance measurement of an unreliable production-storage operation where production and demand rates for a single item are subject to random fluctuations in the operating environment. These fluctuations are represented as transitions among the...