Sensitivity of continuous review stochastic (s, S) inventory systems to ordering delays
β Scribed by Howard J. Weiss
- Publisher
- Elsevier Science
- Year
- 1988
- Tongue
- English
- Weight
- 424 KB
- Volume
- 36
- Category
- Article
- ISSN
- 0377-2217
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π SIMILAR VOLUMES
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
We consider an inventory system with one warehouse and Nretailers. All installations apply different order-up-to-S policies. Transportation times are constant and the retailers face compound Poisson demand. We provide a simple recursive procedure for the evaluation of holding and shortage costs for