Shortage cost

Costs that fall with increases in the level of investment in current assets.

References in periodicals archive ?

(f) The shortage cost is n[c.sub.l][[Dt - (1 - p)y].sup.+] = ny[c.sub.l] [[p - [mu]].sup.+].

Optimal Buyer's Replenishment Policy in the Integrated Inventory Model for Imperfect Items

If one decides to terminate the inspection procedure even if there are uninspected products left, then the remaining unmet demand (RUD) will incur a unit shortage cost, s ($/product), where [gamma] < s (see Anily and Grosfeld [10]).

An extended production and inspection model with nonrigid demand

(1) Increase in Shortage cost ([C.sub.s]) per unit, Total Shortage Cost increases, Total Inventory Cost also increases simultaneously, but Profit decreases.

An order level EOQ model for deteriorating items in a single warehouse system with price depended demand in non-linear (quadratic) form

'We have demonstrated objectively that on-farm costs have increased by more than 1.5p/litre over the past two years and with oil prices remaining high and an ongoing skilled labour shortage cost pressures remain a serious concern.

Milk price anger as many exit

How do the related costs (e.g., the LSI's procurement cost and shortage cost and the FLSP's operation cost) impact the LSI's reserving decision towards logistics service capacity?

Channel Coordination in Logistics Service Supply Chain considering Fairness

(2) C, [C.sub.H], [C.sub.S], [C.sub.D], [C.sub.L] denotes the set up cost for each replenishment, inventory carrying cost per unit time, shortage cost for backlogged items, deterioration cost per unit, the unit cost of lost sales respectively.

An order level inventory model for perishable items with stock dependent demand and partial backlogging

Hence the shortage cost needs to be completed during this time period.

Two-warehouse inventory model for deteriorating items with shortages under inflation and time-value of money

(j) [C.sub.1] is the shortage cost per unit per unit time.

Inventory Model with Price Related Demand, Weibull Distributed Deterioration & Uncertainty

In this system, the total cost of inventory management consists of four components: fixed ordering cost, inventory holding cost at internal storage, inventory holding cost at external storage (called over-ordering cost in this paper), and shortage cost. Item demands and replenishment lead time are stochastic and discrete in nature; therefore, the demands during varying lead time (i.e., the period of shortage risk) are of the same nature.

Mathematical Model of (R, Q) Inventory Policy under Limited Storage Space for Continuous and Periodic Review Policies with Backlog and Lost Sales

* Inventory holding cost (for ) and shortage cost (for ) per unit per unit time at time zero

Optimization of the inflationary inventory control model under stochastic conditions with Simpson approximation: Particle swarm optimization approach

Then we establish the model and develop the optimal policy for both general convex holding and shortage cost function and piecewise linear holding and shortage cost function.

Research on optimal policy of single-period inventory management with two suppliers

Total shortage cost in [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII]

Imperfect production system under reverse logistics in stock-out situation: EPQ model