✦ LIBER ✦

A lost sales inventory system with supply uncertainty

✍ Scribed by S. Kalpakam; K.P. Sapna

Book ID: 104352908
Publisher: Elsevier Science
Year: 1997
Tongue: English
Weight: 581 KB
Volume: 33
Category: Article
ISSN: 0898-1221
DOI: 10.1016/s0898-1221(96)00239-8

No coin nor oath required. For personal study only.

✦ Synopsis

In this paper we analyze an environment dependent (s, S) inventory system with renewal demands and lost sales where the environment goes through available and unavailable periods according to a two state Markov chain. An order which is placed in an available period is replenished instantaneously and that placed in an unavailable period is replenished at the end of that period. The transform of the various operating characteristics are obtained explicitly. The problem of minimizing the long-run expected cost rate is discussed and an efficient algorithm to compute optimal s and S is developed. Numerical illustration of the results are also provided.

📜 SIMILAR VOLUMES

Lost-sales inventory systems with a serv

Lost-sales inventory systems with a service level criterion

✍ Marco Bijvank; Iris F.A. Vis 📂 Article 📅 2012 🏛 Elsevier Science 🌐 English ⚖ 604 KB

A two-demand-class inventory system with

A two-demand-class inventory system with lost-sales and backorders

✍ Yun Zhou; Xiaobo Zhao 📂 Article 📅 2010 🏛 Elsevier Science 🌐 English ⚖ 338 KB

Lost-sales inventory theory: A review

✍ Marco Bijvank; Iris F.A. Vis 📂 Article 📅 2011 🏛 Elsevier Science 🌐 English ⚖ 424 KB

Multiple replenishment orders in a conti

Multiple replenishment orders in a continuous-review inventory system with lost sales

✍ Esmail Mohebbi; Morton J.M. Posner 📂 Article 📅 2002 🏛 Elsevier Science 🌐 English ⚖ 149 KB

A continuous-review inventory system wit

A continuous-review inventory system with lost sales and variable lead time

✍ Esmail Mohebbi; Morton J.M. Posner 📂 Article 📅 1998 🏛 John Wiley and Sons 🌐 English ⚖ 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

A lost sales (S — 1, S) perishable inven

A lost sales (S — 1, S) perishable inventory system with renewal demand

✍ S. Kalpakam; K. P. Sapna 📂 Article 📅 1996 🏛 John Wiley and Sons 🌐 English ⚖ 536 KB

This article analyzes a one-to-one ordering perishable inventory model with renewal demands and exponential lifetimes. The leadtimes are independently and exponentially distributed and the demands that occur during stock out periods are lost. Although the items are assumed to decay at a constant rat