A continuous-review inventory system wit
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Esmail Mohebbi; Morton J.M. Posner
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Article
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1998
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John Wiley and Sons
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English
โ 123 KB
Using a system-point (SP) method of level crossings, we derive the stationary distribution of the inventory level (stock on hand) in a continuous-review inventory system with compound Poisson demand, Erlang as well as hyperexponentially distributed lead times, and lost sales. This distribution is th