Sentence examples for backlog costs from inspiring English sources

The objective function of the GSF controller minimizes the production cost based on work-in-process (WIP) and backlog costs, while surplus minimization is considered by GDF controller.

The main objective of this paper is to determine the joint optimal policy that minimizes the overall cost, which is composed of corrective and preventive maintenance costs as well as inventory holding and backlog costs.

The overall optimal decision policy is defined here as one that maximizes the long term average per unit time profit of a combined measure of quality and quantity dependent sales revenue, minus inventory and backlog costs, in the presence of random plant failures and random repair durations.

Appropriate production and inventory control using demand information leads to the decrease of inventory and backlog costs.

Using the analytical results, optimal release lead time and optimal base stock levels for minimizing the average cost on the holding and backlog costs are explicitly derived.

The base stock levels and release lead time for each process are decision variables, and the objective is to derive optimal values on the decision variables to minimize the average cost on inventory and backlog costs.

The objective is to minimise a discounted inventory holding and backlog cost over an infinite planning horizon.

Backlog cost has been considered in the uniform range [30…50].

Next, the holding cost for finished products and the backlog cost are considered.

This case happens when the arrival rate is small or backlog cost is small.

The backlog cost is also incurred for demand for finished items, whose cost rate is given by ( b({> 0}) ).