On exhibiting inventory systems with Erlangian lifetimes under renewal demands (Q917415): Difference between revisions
From MaRDI portal
Set profile property. |
ReferenceBot (talk | contribs) Changed an Item |
||
| Property / cites work | |||
| Property / cites work: Q4109064 / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Q3677465 / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: A continuous review inventory system with arbitrary interarrival times between demands and an exhibiting item subject to random failure / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Analysis of an exhibiting inventory system / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: A Continous-Review (<i>s</i>, <i>S</i>) Inventory System with Arbitrary Interarrival Distribution between Unit Demand / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Q4775246 / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Feature Article—Research Portfolio for Inventory Management and Production Planning Systems / rank | |||
Normal rank | |||
Latest revision as of 10:02, 21 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On exhibiting inventory systems with Erlangian lifetimes under renewal demands |
scientific article |
Statements
On exhibiting inventory systems with Erlangian lifetimes under renewal demands (English)
0 references
1989
0 references
A continuous review (s,S) inventory model with renewal demand is discussed with an additional complication that one item is used as an exhibiting piece with Erlang lifetime distribution. By identifying a suitable embedded Markov renewal process, expressions for the transient and limiting values of the inventory level distribution, as well as mean reorder rate, are obtained. The limiting inventory level distribution proves to be independent of the initial state and uniform. After that it is very simple to derive optimal values for the (s,S)-policy parameters. The solution for a dual model with arbitrary distribution of lifetimes and an Erlangian distribution of demand intervals is also given.
0 references
continuous review
0 references
renewal demand
0 references
Erlang lifetime distribution
0 references
Markov renewal process
0 references
mean reorder rate
0 references
0 references
