Order-based backorders in multi-item inventory systems

Jiejian FENG, Liming LIU, Yat Wah WAN

Research output: Journal PublicationsJournal Article (refereed)

5 Citations (Scopus)

Abstract

A new exact method is provided for evaluating the average order-based backorders of a multi-item inventory system under the (r, nQ) inventory policy for items. The key to the method is as follows: the joint inventory positions for the same epoch and for different epochs share the same conditions of being independent and uniformly distributed.
Original languageEnglish
Pages (from-to)27-32
Number of pages6
JournalOperations Research Letters
Volume38
Issue number1
DOIs
Publication statusPublished - 1 Jan 2010
Externally publishedYes

Fingerprint

Backorder
Inventory Systems
Exact Method
Inventory systems
Policy
Inventory policy

Keywords

  • Assemble-to-order
  • Multi-item inventory systems
  • Order-based backorders

Cite this

FENG, Jiejian ; LIU, Liming ; WAN, Yat Wah. / Order-based backorders in multi-item inventory systems. In: Operations Research Letters. 2010 ; Vol. 38, No. 1. pp. 27-32.
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Order-based backorders in multi-item inventory systems. / FENG, Jiejian; LIU, Liming; WAN, Yat Wah.

In: Operations Research Letters, Vol. 38, No. 1, 01.01.2010, p. 27-32.

Research output: Journal PublicationsJournal Article (refereed)

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AU - LIU, Liming

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AB - A new exact method is provided for evaluating the average order-based backorders of a multi-item inventory system under the (r, nQ) inventory policy for items. The key to the method is as follows: the joint inventory positions for the same epoch and for different epochs share the same conditions of being independent and uniformly distributed.

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