Solution Procedure for Inventory Models with Linear and Fixed Backorder Costs-Reference-Cited by-同舟云学术

Solution Procedure for Inventory Models with Linear and Fixed Backorder Costs

Published:2020-03-21 Issue: Volume:2020 Page:1-6
ISSN:1024-123X
Container-title:Mathematical Problems in Engineering
language:en
Short-container-title:Mathematical Problems in Engineering

Author:

Lin Daniel Yi-Fong¹^ORCID

Affiliation:

1. Department of Fashion Business Management, Lee-Ming Institute of Technology, New Taipei City, Taiwan

Abstract

Several researchers applied the algebraic method to solve the optimal solution of EOQ and EPQ models with linear and fixed backorder costs. However, there are questionable derivations in their solution procedure such that researchers provided further examinations. We study two papers that are considered the same inventory models under different notation and slightly different objective functions to provide detailed discussions for their questionable results and our improvements.

Funder

Ministry of Science and Technology, Taiwan

Publisher

Hindawi Limited

Subject

General Engineering,General Mathematics

Link

http://downloads.hindawi.com/journals/mpe/2020/9316320.pdf

Reference13 articles.

1. EOQ and EPQ with linear and fixed backorder costs: Two cases identified and models analyzed without calculus

2. The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra

3. The complete solution procedure for the EOQ and EPQ inventory models with linear and fixed backorder costs

4. An alternative approach to analyze economic ordering quantity and economic production quantity inventory problems using the completing the square method

5. An EPQ model with partial backorders considering two backordering costs