IDEAS home Printed from https://ideas.repec.org/a/wly/navres/v34y1987i4p457-467.html
   My bibliography  Save this article

A continuous‐review inventory model with constant resupply time and defective items

Author

Listed:
  • Kamran Moinzadeh
  • Hau L. Lee

Abstract

As a result of imperfect production and inspection by suppliers, pilferage, and/or damage in transit, it is common that procurement orders may contain defective items. This article deals with a continuous‐review inventory system with Poisson demand arrivals and constant resupply time. Items in resupply lots may not be of perfect quality. The operating characteristics of such a system are analyzed. For purposes of computational savings, an approximation scheme for the operating characteristics is presented. As a result of the approximation, the determination of the optimal ordering policy becomes much simpler. Extensive numerical tests suggest that the approximation scheme is very effective in giving the optimal or near‐optimal ordering policies for such a system.

Suggested Citation

  • Kamran Moinzadeh & Hau L. Lee, 1987. "A continuous‐review inventory model with constant resupply time and defective items," Naval Research Logistics (NRL), John Wiley & Sons, vol. 34(4), pages 457-467, August.
    • Handle: RePEc:wly:navres:v:34:y:1987:i:4:p:457-467
    DOI: 10.1002/1520-6750(198708)34:43.0.CO;2-O
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/1520-6750(198708)34:43.0.CO;2-O
    Download Restriction: no
    File URL: https://libkey.io/10.1002/1520-6750(198708)34:43.0.CO;2-O?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Narendra Agrawal & Steven Nahmias, 1997. "Rationalization Of The Supplier Base In The Presence Of Yield Uncertainty," Production and Operations Management, Production and Operations Management Society, vol. 6(3), pages 291-308, September.
    2. Bardia Kamrad & Keith Ord, 2006. "Market risk and process uncertainty in production operations," Naval Research Logistics (NRL), John Wiley & Sons, vol. 53(7), pages 627-640, October.
    3. Ki Ling Cheung & Alex X. Zhang, 1999. "The impact of inventory information distortion due to customer order cancellations," Naval Research Logistics (NRL), John Wiley & Sons, vol. 46(2), pages 213-231, March.
    4. Yigal Gerchak & Mahmut Parlar, 1990. "Yield randomness, cost tradeoffs, and diversification in the EOQ model," Naval Research Logistics (NRL), John Wiley & Sons, vol. 37(3), pages 341-354, June.
    5. Srinivas Bollapragada & Thomas E. Morton, 1999. "Myopic Heuristics for the Random Yield Problem," Operations Research, INFORMS, vol. 47(5), pages 713-722, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:navres:v:34:y:1987:i:4:p:457-467. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6750 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.