Derivation of closed-form expression for optimal base stock level considering partial backorder, deterministic demand, and stochastic supply disruption
In the presence of stochastic supply disruption, the optimal variables of an inventory policy must be determined appropriately. Considering a two-echelon system comprised of a supplier and a retailer, the objective of this research is to help the retailer derives the optimal base stock level that ac...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2020-01-01
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| Series: | Cogent Engineering |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1080/23311916.2020.1767833 |