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Journals / Cankaya University Journal of Science and Engineering / 2019 / Cilt: 16 - Sayı: 1

Implementation of Deterministic Inventory Models with Backorders and Lost Sales in a Retail Company

Haluk AYGÜNEŞ
Gözde YILDIZ
Pages
17–34
Publication Date
2019-05-31
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Each of these cases are analyzed separately with the aim of determining minimum cost order quantities.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:A study is carried out on inventory planning and control for a retail company which sells electronics and computer parts.
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Key Findings & Data:Deterministic inventory models are used with a consideration of backorders and lost sales.
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Conclusion & Impact:Each of these cases are analyzed separately with the aim of determining minimum cost order quantities.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Inventory · EOQ · Backorder

Abstract

A study is carried out on inventory planning and control for a retail company which sells electronics and computer parts. Deterministic inventory models are used with a consideration of backorders and lost sales. In stockout, some sales are completely backordered, some are completely lost, and some are partially backordered while the rest is lost. Each of these cases are analyzed separately with the aim of determining minimum cost order quantities.

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Cite This Article

AYGÜNEŞ, H., YILDIZ, G. (2019). Implementation of Deterministic Inventory Models with Backorders and Lost Sales in a Retail Company. Cankaya University Journal of Science and Engineering, Cilt: 16 - Sayı: 1, 17–34. https://ajindex.com/articles/746003

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