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Base Stock Inventory Systems with Compound Poisson Demand: Case of Partial Lost Sales
Abstract : In this paper we extend earlier work that analyzes a single echelon single item base-stock inventory system where Demand is modeled as a compound Poisson process and the lead-time is stochastic. The extension consists in considering a cost oriented system where unfilled demands are lost. The case of partial lost sales is assumed. We first model the inventory system as a Makovian M/G/( queue then we propose a method to calculate numerically the optimal base-stock level. A preliminary numerical investigation is also conducted to show the performance of our solution.
Cited literature [10 references]
https://hal.inria.fr/hal-01470686
Contributor : Hal Ifip <>
Submitted on : Friday, February 17, 2017 - 3:55:25 PM
Last modification on : Saturday, May 8, 2021 - 3:25:32 AM
Long-term archiving on: : Thursday, May 18, 2017 - 2:55:16 PM
Contributor : Hal Ifip <>
Submitted on : Friday, February 17, 2017 - 3:55:25 PM
Last modification on : Saturday, May 8, 2021 - 3:25:32 AM
Long-term archiving on: : Thursday, May 18, 2017 - 2:55:16 PM
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