A periodic review policy with quality improvement, setup cost reduction, backorder price discount, and controllable lead time
This paper explores a periodic review inventory model under stochastic demand. The setup (or ordering) cost and the lead time are controllable. The model considers an imperfect production process, whose quality can be improved by means of an investment. A backorder price discount to motivate custome...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2017-01-01
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| Series: | Production and Manufacturing Research: An Open Access Journal |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/21693277.2017.1382397 |