Mathematical Problems in Engineering / 2019 / Article / Tab 1

Research Article

Optimal Replenishment and Lot Sizing Strategy for Inventory Mechanism with Step-Shaped Demand and Backordering

Table 1

Notation.

symboldescription

demand rate in the first stage
demand rate in the second stage
retailer’s fixed ordering cost
holding cost per unit item per unit time
backorder cost per unit item per unit time
length of the first stage

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