Renewal approximation to optimal order q
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Izzet Sahin; Diptendu Sinha
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Article
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1987
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John Wiley and Sons
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English
โ 625 KB
Using a wide range of demand distributions and parameter settings, we examine the performance of an easily computable order-quantity approximation for a class of continuous-review inventory systems under a compound-renewal demand process. The approximation is derived by using some asymptotic results