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On a stochastic demand jump inventory model

✍ Scribed by Lakdere Benkherouf; Michael Johnson

Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
640 KB
Volume
50
Category
Article
ISSN
0895-7177

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✦ Synopsis

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 some restrictions on the parameters, a solution to the QVI is found which corresponds to an (s, S) policy.

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