Optimal policy estimation for continuous review inventory systems
โ Scribed by Diptendu Sinha
- Book ID
- 107950855
- Publisher
- Elsevier Science
- Year
- 1991
- Tongue
- English
- Weight
- 950 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0305-0548
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๐ SIMILAR VOLUMES
We describe a periodic review inventory system where emergency orders, which have a shorter supply lead time but are subject to higher ordering cost compared to regular orders, can be placed on a continuous basis. We consider the periodic review system in which the order cycles are relatively long s
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