We resurrect the question if improved business practices contributed to increased macroeconomic stability since the 1980s – the Great Moderation. While previous studies on the issue are limited to examining inventory management, we analyse the role of better supply chain management on enhancing firms’ ability to coordinate their production. By investigating ordering and backordering behaviour i...

A manufacturing facility consisting of two stations in tandem operates in a maketo-stock mode: after production, items are placed in a finished goods inventory that services an exogenous demand. Demand that cannot be met from inventory is backordered. Each station is modelled as a queue with controllable production rate, and the problem is to control these rates to minimize inventory holding an...

Stock rationing is an inventory policy that allows differential treatment of customer classes without using separate inventories. In this paper, we propose a dynamic rationing policy for continuous review inventory systems, which utilizes the information on the status of the outstanding replenishment orders. For both backordering and lost sales environments, we conduct simulation studies to com...

demand is assumed constant in the classical economic order quantity (eoq) model. however, in the real world, the demand is dependent on many factors such as the selling price, warranty of product and marketing effort. in addition pricing and ordering quantity decisions are interdependent for a seller when demand for the product is price sensitive in the inventory models. these types of models a...

Supply chain uncertainties pose a massive and ever-present challenge for modern companies. These can manifest in two contrasting scenarios: supply surplus, where companies have excess items, shortages, there is an insufficient quantity of goods. Each situation demands different approach from businesses to adapt the varying outcomes maintain competitive edge market. Product backordering one impo...

To access the efficient inventory system, managers should consider all the situations that have happened in reality. One of these situations is the presence of the defective items in each received lot and the other situation is being the group of customers that do not wait to fulfill their requirements from the vendor and choose another one to get their orders so the proportion of the backorder...

In a perfectly transparent and competitive market, suppliers must provide pricing service for their customers. The aim of this study is to an insight into how preservation technology credit financing could be used both reduce the deterioration rate as well flexible retailers. methodology optimize cycle length, selling price, amount using inventory theory. result derived optimal total profit per...