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

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Keywords

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

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