RANDOM INVENTORY MODELS WITH BULK DEMAND AND STATE-DEPENDENT LEADTIMES,
Abstract
The paper describes two one-for-one ordering (S - 1,S) inventory models in which the time required for order replenishment is state dependent. The demand is assumed to follow a compound Poisson distribution, and that portion of the leadtime corresponding to the actual filling of orders is assumed to depend on the number of outstanding orders. Since the orders placed are assumed to go into a single-server queue, queuing results are used to obtain the expected inventory cost as a function of S in order to obtain an optimal value of S. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 22, 1970
- Accession Number
- AD0710362
Entities
People
- Carl M. Harris
- Donald Gross
- James A. Lechner
Organizations
- George Washington University