A Fluid EOQ Model with Markovian Environment

DOI10.1239/jap/1437658610zbMath1325.60143OpenAlexW1590486691MaRDI QIDQ2949849

Yonit Barron

Publication date: 2 October 2015

Published in: Journal of Applied Probability (Search for Journal in Brave)

Full work available at URL: https://projecteuclid.org/euclid.jap/1437658610

zbMATH Keywords

cost functionalmartingalebacklogproduction-inventory modelstochastic environmentfinite state continuous-time Markov chainfluid flow process

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Processes in random environments (60K37) Applications of renewal theory (reliability, demand theory, etc.) (60K10) Continuous-time Markov processes on discrete state spaces (60J27) Applications of continuous-time Markov processes on discrete state spaces (60J28)

Related Items (8)

Clearing control policies for MAP inventory process with lost sales ⋮ A make-to-stock production/inventory model with MAP arrivals and phase-type demands ⋮ Regulation of a single-server queue with customers who dynamically choose their service durations ⋮ A triple \((S, s, \ell)\)-thresholds base-stock policy subject to uncertainty environment, returns and order cancellations ⋮ An order-revenue inventory model with returns and sudden obsolescence ⋮ Stochastic fluid models with upward jumps and phase transitions ⋮ An (s, k, S) fluid inventory model with exponential leadtimes and order cancellations ⋮ Performance analysis of a reflected fluid production/inventory model

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