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Revisit economic ordering strategy for items with imperfect quality and backordering

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  • Hui-Ming Teng
  • Ping-Hui Hsu

Abstract

Most studies assume that poor quality items are kept in stock and sold at a discounted price at the end of each period, and there will be no shortage within the screening time. This is not usually done in practice. Therefore, we revisit Maddaha and Jaber's model (2008) and apply the renewal theory to develop an economic ordering strategy by considering backorders. Pricing model for defective items is developed based on the retailer's perspective. Numerical examples are provided to demonstrate that in order to be sure there is no shortage case within the screening time, defective percentage should be restricted.

Suggested Citation

  • Hui-Ming Teng & Ping-Hui Hsu, 2013. "Revisit economic ordering strategy for items with imperfect quality and backordering," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 12(3), pages 251-262.
    • Handle: RePEc:ids:ijmede:v:12:y:2013:i:3:p:251-262
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    Cited by:

    1. Abu Hashan Md Mashud & Dipa Roy & Yosef Daryanto & Mohd Helmi Ali, 2020. "A Sustainable Inventory Model with Imperfect Products, Deterioration, and Controllable Emissions," Mathematics, MDPI, vol. 8(11), pages 1-21, November.

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