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A continuous review inventory model with compound poisson demand process and stochastic lead time

โœ Scribed by Yvo M. I. Dirickx; Danielle Koevoets

Publisher
John Wiley and Sons
Year
1977
Tongue
English
Weight
408 KB
Volume
24
Category
Article
ISSN
0894-069X

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โœฆ Synopsis

Abstract

Using Markov renewal theory, we derive analytic expressions for the expected average cost associated with (s, S) policies for a continuous review inventory model with a compound Poisson demand process and stochastic lead time, under the (restrictive) assumption that only one order can be outstanding.

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