Cost optimization in the \((S-1,S)\) lost sales inventory model with multiple demand classes

DOI10.1016/J.ORL.2006.04.004zbMath1145.90005OpenAlexW2068391481MaRDI QIDQ2457267

A. A. Kranenburg, Geert-Jan van Houtum

Publication date: 30 October 2007

Published in: Operations Research Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.orl.2006.04.004

zbMATH Keywords

Inventorylost salesrationingmultiple demand classescustomer differentiation

Mathematics Subject Classification ID

Queueing theory (aspects of probability theory) (60K25) Inventory, storage, reservoirs (90B05) Applications of queueing theory (congestion, allocation, storage, traffic, etc.) (60K30)

Related Items (15)

Monotonicity and supermodularity results for the Erlang loss system ⋮ Blood platelet inventory management with protection levels ⋮ Customer differentiated end-of-life inventory problem ⋮ Stock optimization for service differentiated demands with fill rate and waiting time requirements ⋮ Cost analysis of an \((S-1,S)\) inventory system with two demand classes and rationing ⋮ Lost-sales inventory theory: a review ⋮ Rationing mechanisms and inventory control-policy parameters for a divergent supply chain operating with lost sales and costs of review ⋮ A complete algebraic solution to the optimal dynamic rationing policy in the stock-rationing queue with two demand classes ⋮ Markov models of systems with demands of two types and different restocking policies ⋮ Optimization of component reliability in the design phase of capital goods ⋮ Analysis of Perishable Queueing-Inventory System with Positive Service Time and ( $$S - 1, S$$ ) Replenishment Policy ⋮ A two-demand-class inventory system with lost-sales and backorders ⋮ The \(( S - 1 , S)\) inventory model and its counterparts in queueing theory ⋮ An optimal critical level policy for inventory systems with two demand classes ⋮ A new approximate evaluation method for two-echelon inventory systems with emergency shipments

Cites Work

• Optimal Stock Allocation for a Capacitated Supply System
• A Threshold Inventory Rationing Policy for Service-Differentiated Demand Classes
• Inventory rationing in an (s, Q) inventory model with lost sales and two demand classes
• Service differentiation in spare parts inventory management
• Extremal Splittings of Point Processes
• Open, Closed, and Mixed Networks of Queues with Different Classes of Customers
• Inventory Rationing in a Make-to-Stock Production System with Several Demand Classes and Lost Sales
• On the (S ? 1,S) lost sales inventory model with priority demand classes
• A Queuing Model for an Inventory Problem
• Optimal Policy in a Dynamic, Single Product, Nonstationary Inventory Model with Several Demand Classes
• Optimal Ordering and Rationing Policies in a Nonstationary Dynamic Inventory Model with n Demand Classes

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