دانلود مقاله ISI انگلیسی شماره 23006
عنوان فارسی مقاله

جریمه سفارش معوقه آزمون هزینه "ب": چه می تواند باشد؟

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
23006 2010 13 صفحه PDF سفارش دهید محاسبه نشده
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عنوان انگلیسی
Backorder penalty cost coefficient “b”: What could it be?
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : International Journal of Production Economics, Volume 123, Issue 1, January 2010, Pages 166–178

کلمات کلیدی
مقدار سفارش اقتصادیسفارش معوق - تقاضا مختل شده
پیش نمایش مقاله
پیش نمایش مقاله جریمه سفارش معوقه آزمون هزینه "ب": چه می تواند باشد؟

چکیده انگلیسی

The classical economic order quantity (EOQ) model with planned penalized backorders (PB) relies on postulating a value for the backorder penalty cost coefficient, b, which is supposed to reflect the intangible adverse effect of the future loss of customer goodwill following a stockout. Recognizing that the effect of the future loss of customer goodwill should be not a direct penalty cost but a change in future demand, Schwartz [1966. A new approach to stockout penalties. Management Science 12(12), B538–B544] modified the classical EOQ-PB model by eliminating the backorder penalty cost term from the objective function and assuming that the long-run demand rate is a decreasing, strictly convex function of the customer's “disappointment factor” (defined as the complement of the demand fill rate) following a stockout, which in turn is an increasing, strictly convex function of the demand fill rate. He called the new model a perturbed demand (PD) model. Schwartz provided convincing justification for his PD model and presented several variations of it in a follow-up paper, but he did not solve any of these models. In this paper, we solve Schwartz's original PD model and its variations, and we discuss the implications of their solutions, thus filling a gap in the literature left by Schwartz. Moreover, having been convinced that Schwartz's approach is more valid than the classical approach for representing the effect of the loss of customer goodwill following a stockout, but also recognizing that the classical approach is far more popular than the PD approach, because of its simplicity and because of tradition, we use the solution of the PD model to infer the value of b in the classical model, thus providing one possible answer to the question, what could b be? A noteworthy implication of the solution of Schwartz's original PD model is that the optimal fill rate is always 0 or 1, rendering the inferred value of b in the classical model 0 or ∞, respectively. Suspecting that the property of the PD function which is most likely responsible for producing this “bang-bang” type of result is strict convexity, we show that for the case where the PD function is proportional to an integer power, say n, of the fill rate, the optimal fill rate is always 0 or 1, if and only if n>1, in which case the PD function is strictly convex in the fill rate.

مقدمه انگلیسی

Anyone who has taken or taught a course in inventory management is likely to have pondered at how to quantify the cost incurred by a stockout. A stockout may incur an immediate, direct cost to the firm, as well as a future, indirect cost. The direct cost depends on whether the unfilled demand is backordered and eventually fulfilled with a delay, or is cancelled. In the first case, the direct cost is related to the delayed delivery and may include extra administration costs, material handling and transportation costs for expediting the backordered items, fixed or variable contractual penalties, the loss of profit from selling the backordered items at a discounted price, the interest on the profit tied up in the backorder, etc. In the second case, the direct cost is the lost profit of the cancelled demand. In many practical situations, part of an unfilled demand is backordered and part of it is cancelled. In most cases, the direct cost may be calculated with some effort. The indirect cost is much harder to evaluate. It is related to the loss of customer goodwill due to the stockout, which may lead to a temporary or permanent decline in future demand and market share, especially in a competitive market environment. The quantification of the indirect cost of stockouts has long been an unsatisfactorily resolved issue in the literature. The difficulty in determining an appropriate penalty rate for the indirect cost of stockouts has prompted many researchers to replace this rate by a constraint on the customer service level. For example, Çentikaya and Parlar (1998) take this approach for the economic order quantity (EOQ) model with planned backorders which is at the center of our study in this paper too. This approach may seem more appealing to practitioners, but it only transposes the problem of estimating an appropriate penalty rate for stockouts to one of determining an appropriate customer service level. The EOQ model with planned backorders is one of the earliest models in inventory theory that deals with stockouts. It relies on postulating a value for the backorder penalty cost coefficient, denoted by b, which is supposed to reflect the intangible adverse effect of the loss of customer goodwill following a stockout. We refer to this model as the penalized backorders (henceforth, PB) model. The PB model is based on the following assumptions. A firm buys a single type of items from a supplier, holds them in inventory, and sells them to its customers upon demand. The demand for items, denoted by D, is continuous and constant over time, procurement and delivery of the items are instantaneous, and unfilled demand is backordered. Finally, the gross profit (selling price minus purchase price) per item sold, denoted by p, the fixed order cost, denoted by k, the inventory holding cost per item per unit time, denoted by h, and the backorder penalty cost per item per unit time, denoted by b, are known and constant over time. The decision variables are the order quantity, denoted by Q, and the fraction of demand that is met from stock, known as fill rate, denoted by F. All the parameters of the PB model, except b, may be more or less specified. Schwartz (1966) was one of the first to note that the effect of the loss of goodwill should not be a direct penalty cost of the type considered in the PB model, because the effect of goodwill loss is incurred not at the time of the stockout incident, but at a later time, due to the customer's disappointment caused by the stockout and his subsequent decision to lower his future demand. With this in mind, Schwartz (1966) modified the PB model by eliminating the explicit backorder penalty cost term from the objective function and assuming that the long-run demand rate—and hence the long-run average reward of the firm—is a function of the customer's “disappointment factor”, which he defined as the fraction of demand not met from stock. Schwartz called the resulting model a perturbed demand (henceforth, PD) model

نتیجه گیری انگلیسی

The work in this paper was motivated by our desire to find a plausible answer to the question, what could the backorder penalty cost coefficient b be? To this end, we proposed to infer the value of b for the PB model by connecting b to the loss in the long-run average demand rate which is affected by backorders according to Schwartz's PD model (1). We applied this procedure to the original PD model and three variations of it in which we replaced the explicit fixed order cost with a constraint on the order quantity, the interorder time, and the starting inventory in each cycle, respectively. Our first main finding is that for the original PD model and the variation of the PD model with the minimum starting inventory in each cycle, the optimal fill rate is always 0 or 1, which implies that the inferred backorder penalty cost b in the respective PB models is 0 or ∞, respectively. In the former case, the optimal order quantity is infinite, whereas in the latter case it is finite. Based on the results in Section 5, our second main finding is that we have strong reasons to suspect that the property of D′(F′) which is most likely responsible for producing this bang-bang type of result is strict convexity. Future research following this work could be directed toward repeating this procedure for other PD models, for example models that assume that the long-run average demand rate is either a different function of the long-run average fill rate than the one given by Eqs. (1) and (4), or a function of some other customer service related performance measure, such as the long-run average backorder waiting time or number of backorders.

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