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Lead Time and Ordering Cost Reductions in Continuous Review Inventory Systems with Partial Backorders

โœ Scribed by L-Y. Ouyang, C-K. Chen and H-C. Chang

Book ID
115541193
Publisher
Palgrave Publishers Ltd.
Year
1999
Tongue
English
Weight
270 KB
Volume
50
Category
Article
ISSN
0160-5682

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โœ Esmail Mohebbi; Morton J.M. Posner ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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