Numerical analysis of a continuous-review lost-sales inventory model where two orders may be outstanding (Q1203797)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Numerical analysis of a continuous-review lost-sales inventory model where two orders may be outstanding |
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Numerical analysis of a continuous-review lost-sales inventory model where two orders may be outstanding (English)
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18 February 1993
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A continuous-review inventory process is considered with a fixed re-order level and a fixed order quantity. The lead time is constant. It is assumed that the demand is Poisson. During the stockout the demand is lost and a maximum of two orders may be outstanding at any time. A numerical procedures for computing the steady-state probabilities is described. A comparison with three alternative approximate models is given.
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Poisson demand
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continuous-review inventory process
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fixed re-order level
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fixed order quantity
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numerical procedures
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steady-state probabilities
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