## 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
Excess Inventory with Stochastic Demand: Continuous Reporting Model
โ Scribed by Alan Stulman
- Book ID
- 125573407
- Publisher
- Palgrave Publishers Ltd.
- Year
- 1989
- Tongue
- English
- Weight
- 194 KB
- Volume
- 40
- Category
- Article
- ISSN
- 0160-5682
- DOI
- 10.2307/2583140
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper considers a Quasi-Variational Inequality (QVI) arising from a stochastic demand jump inventory model in a continuous review setting with a fixed ordering cost and where demand is made up of a deterministic part (which is a function of the stock level) punctuated by random jumps. Under som
This paper shows that one of the fundamental results of inventory theory is valid under conditions much broader than those treated previously. The result characterizes the distributions of inventory level and inventory position in the standard, continuous-time model with backorders, and leads to the