Title
A two-demand-class inventory system with lost-sales and backorders
Abstract
A periodic review inventory system serves two demand classes with different priorities. Unsatisfied demands in the high-priority class are lost, whereas those in the low-priority class are backlogged. We formulate the problem as a dynamic programming model and characterize the structure of the optimal replenishment policy.
Year
DOI
Venue
2010
10.1016/j.orl.2010.03.006
Oper. Res. Lett.
Keywords
Field
DocType
high-priority class,dynamic programming model,two-demand-class inventory system,optimal replenishment policy,low-priority class,different priority,periodic review inventory system,inventory,demand class,priority,backorder,unsatisfied demand,lost-sales
Dynamic programming,Mathematical optimization,Operations research,Inventory control,Lost sales,Inventory system,Mathematics
Journal
Volume
Issue
ISSN
38
4
Operations Research Letters
Citations 
PageRank 
References 
4
0.48
10
Authors
2
Name
Order
Citations
PageRank
Yun Zhou1527.80
Xiaobo Zhao211716.07