## Abstract We discuss a time dependent optimal ordering policy for a finite horizon inventory system for which the provision of service is essential and thus no stockout is allowed. It is assumed that the system can place an order at any point in time during the horizon when it cannot meet the cus
A multi-item continuous review inventory system with compound Poisson demands
โ Scribed by K. Ohno; T. Ishigaki
- Publisher
- Springer
- Year
- 2001
- Tongue
- English
- Weight
- 225 KB
- Volume
- 53
- Category
- Article
- ISSN
- 0340-9422
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๐ SIMILAR VOLUMES
## 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 c
This paper considers multi-item inventory systems where a customer order may require several different items (i.e., demands are correlated across items) and customer satisfaction is measured by the time delays seen by the customers. Most inventory models on time delay in the literature assume each d