A Study on Iventory Model with Partial Backorders considering both Continuous Inflation Rate and Continuous Discount Rate

인플레이션율과 손해할인율을 고려한 부분재재고모형에 관한 연구

This paper dvelops an inventory model with partial backorders considering both inflation rate and discount rate under the situation of deterministic demand and lead time and then make an economic analysis. Especially, the inventory model with partial backorders provided here is the inventory model minimizing annual total cash outflows, which is extended by the addition of inflation rate and discount rate into "Inventory Model with Partial Bakorders" of Park [6]. An iterative solution procedure is developed to find an optimal inventory policy. To provide guidelines for economic analysis of inventory model with partial backorders, sensitivity analysis for selected values of parameters is performed.performed.