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On the optimality of the optimal policies for the deterministic EPQ with partial backordering

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  • Stojkovska, Irena
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    Abstract

    In a note published in Omega [Zhang RQ. A note on the deterministic EPQ with partial backordering. Omega 2009;37(5):1036–8], the amended decision procedure for the Pentico et al.'s EPQ with partial backordering (EPQ-PBO) is proposed, by developing another critical value of the backordering rate. However, there is a case when a decision made with this amended procedure is not optimal, which will be shown in this paper. A new decision procedure will be proposed based on the derived necessary and sufficient conditions for considering the policy of losing all sales or the policy to meet all demand as possible optimal decisions. The proposed decision procedure is adapted for one of the extensions of the EPQ-PBO.

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    Bibliographic Info

    Article provided by Elsevier in its journal Omega.

    Volume (Year): 41 (2013)
    Issue (Month): 5 ()
    Pages: 919-923

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    Handle: RePEc:eee:jomega:v:41:y:2013:i:5:p:919-923

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    Related research

    Keywords: EPQ; Partial backordering; Decision procedure; Optimal policy;

    References

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    1. Pentico, David W. & Drake, Matthew J. & Toews, Carl, 2009. "The deterministic EPQ with partial backordering: A new approach," Omega, Elsevier, vol. 37(3), pages 624-636, June.
    2. Toews, Carl & Pentico, David W. & Drake, Matthew J., 2011. "The deterministic EOQ and EPQ with partial backordering at a rate that is linearly dependent on the time to delivery," International Journal of Production Economics, Elsevier, vol. 131(2), pages 643-649, June.
    3. Pentico, David W. & Drake, Matthew J. & Toews, Carl, 2011. "The EPQ with partial backordering and phase-dependent backordering rate," Omega, Elsevier, vol. 39(5), pages 574-577, October.
    4. Zhang, Ren-qian, 2009. "A note on the deterministic EPQ with partial backordering," Omega, Elsevier, vol. 37(5), pages 1036-1038, October.
    5. Wee, Hui-Ming & Wang, Wan-Tsu, 2012. "A supplement to the EPQ with partial backordering and phase-dependent backordering rate," Omega, Elsevier, vol. 40(3), pages 264-266.
    6. Hsieh, Tsu-Pang & Dye, Chung-Yuan, 2012. "A note on "The EPQ with partial backordering and phase-dependent backordering rate"," Omega, Elsevier, vol. 40(1), pages 131-133, January.
    7. Pentico, David W. & Drake, Matthew J., 2009. "The deterministic EOQ with partial backordering: A new approach," European Journal of Operational Research, Elsevier, vol. 194(1), pages 102-113, April.
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