A Multibrand Stochastic Model Compounding Heterogeneous Erlang Timing and Multinomial Choice Processes

A continuous review inventory model with

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

✍ Yvo M. I. Dirickx; Danielle Koevoets 📂 Article 📅 1977 🏛 John Wiley and Sons 🌐 English ⚖ 408 KB

## 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