Shortage cost

Shortage cost

Costs that fall with increases in the level of investment in current assets.
References in periodicals archive ?
The total cost of the buyer includes purchasing cost, screening cost, shortage cost, and holding cost.
Optimal Buyer's Replenishment Policy in the Integrated Inventory Model for Imperfect Items
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
But the NLS strategy surpasses TBAPR I when the transportation cost is more expensive than the shortage cost (see numbers 1-5, 2-5, 3-5, 4-5, 5-5, 6-5).
Material transshipment for precast fabrication
Total Cost: The total cost components consist of production cost, setup cost, holding cost, shortage cost, defective cost and cost of quality.
An EPQ model of imperfect production processes with shortages and quality cost
Shortage cost per period of time according to Buzacott, [1] is given by
An economic order quantity model with shortages, price break and inflation
Ishii and Konno (1998) introduced a fuzzy newsboy model restricted to shortage cost that is given by an L-shape fuzzy number while the demand is still stochastic.
A multi-period newsvendor problem with pre-season extension under fuzzy demand/ Keliu laikotarpiu pardavimu modelis, papildytas paruosiamuoju laikotarpiu, esant neraiskiajai paklausai
Shortage cost is the cost that occurs when customer demand cannot be fulfilled from the existing stock because of running out of raw material.
Application of genetic algorithms in inventory management
Therefore, the present value of shortage cost during the first replenishment cycle is
A replenishment policy for non-instantaneous deteriorating inventory system with partial backlogging
The different costs associated with the system are set-up costs, holding costs, deterioration cost and shortage cost.
Integrated inventory system with the effect of inflation and credit period
Assume that unit cost (U), reorder cost (R) and holding cost (H) are all known exactly, while the shortage cost is so high that all demands must be met and no shortages are allowed.
Logistic concept of inventory management
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
Winners of the competition have demonstrated that it is possible to create the quality and volume of properties necessary to make a difference to the chronic housing shortage cost effectively.
Consortium has Edge
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