Optimal control of a production-inventory system with both backorders and lost sales
โ Scribed by Saif Benjaafar; Mohsen ElHafsi; Tingliang Huang
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 167 KB
- Volume
- 57
- Category
- Article
- ISSN
- 0894-069X
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
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
This article analyzes a one-to-one ordering perishable inventory model with renewal demands and exponential lifetimes. The leadtimes are independently and exponentially distributed and the demands that occur during stock out periods are lost. Although the items are assumed to decay at a constant rat