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http://hdl.handle.net/11718/1191| Title: | A note on (S,s) inventory policy |
| Authors: | Ravichandran, N. |
| Keywords: | Stochastic Process;Inventory models;Continuous review |
| Issue Date: | 14-Mar-2010 |
| Series/Report no.: | WP;1981/358 |
| Abstract: | This article obtains the stationary distribution of the stock level of a continuous review (S,s) Inventory policy with the following characteristics. The demand rate is a constant and unit quantity is demanded whenever there is a demand. When the stock level reduces to an order for (S - s) units is placed which materialises after a random time; the lead time is assumed to have a distribution of PH-type. Further, it is assumed that the demands that arise when the stock level is zero are lost. |
| URI: | http://hdl.handle.net/11718/1191 |
| Appears in Collections: | Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| WP 1981_358.pdf | 178.36 kB | Adobe PDF | View/Open |
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