A state dependent M/M/1 queue: A production-inventory model (Q1263513): Difference between revisions
From MaRDI portal
Set profile property. |
Set OpenAlex properties. |
||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1016/0893-9659(88)90083-3 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W2075957724 / rank | |||
Normal rank |
Revision as of 23:58, 19 March 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | A state dependent M/M/1 queue: A production-inventory model |
scientific article |
Statements
A state dependent M/M/1 queue: A production-inventory model (English)
0 references
1988
0 references
This paper deals with a model of production and inventory control. The model incorporates a continuous-level production rate with a base-stock level inventory policy subject to fluctuating demand. The inventory level at time t is denoted by Y(t) and the base stock level by M. The quantity of interest here is \(U(t)=M-Y(t)\). The authors compute the stationary density of U(t) including the facility utilization and the mean time for U(t) to reach or exceed a given value. They analyze the production busy period of the facility, they compute the mean length of a production period and the mean time for a production busy period to end, given the current value of U(t). Finally, they compute the integral of U(t) during a busy period, and the distribution of the minimum inventory level.
0 references
continuous-level production rate
0 references
fluctuating demand
0 references
production busy period
0 references
mean length
0 references