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The Effect of Random Supply Shortages on the Economic Order Quantity Model
International Journal of Business and Management
In this paper, we will be considering a case of the subject of imperfection or deficiency in the inventory process of a single commodity which has many components. For example, the deterioration of items in the stock is one component; another component is the quality of the items received in an inventory order. This has been investigated by many like Yano and Lee (1995) and silver (1976) , where the imperfection of the order was due to defectiveness of items and shortages on the supply sidedoi:10.5539/ijbm.v10n2p150 fatcat:opnzejunijhyhkfw7y5luk3chu