Session description

Academic Session: Breakthroughs in Back Orders

Monday, September 30

1:00 p.m.–2:15 p.m.
Miami

Matt Drake, PhD, CFPIM
Director of International Business Programs | Associate Professor of Supply Chain Management | 
Duquesne University | 
Palumbo-Donahue School of Business

When faced with a stockout, many people are willing to wait. As the desired item’s availability nears, even more customers are willing to accept a back order. Researchers have modeled this back ordering rate as an exponential or rational function. This session will investigate a comprehensive numerical analysis that compares models with constant backordering rates and those with linearly changing rates to models with an exponential or rational rate—with surprising results.