Clearing control policies for MAP inventory process with lost sales

DOI10.1016/J.EJOR.2015.12.028MaRDI QIDQ322707zbMATHOpenAlexFDO

Authors Yonit Barron

Publication date 7 October 2016

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2015.12.028

zbMATH Keywords

applied probabilitystochastic processesinventory controlclearing models

Mathematics Subject Classification ID

Applications of continuous-time Markov processes on discrete state spaces (60J28) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20) Inventory, storage, reservoirs (90B05)

Recommendations

• Inventory and sales effort management under unobservable lost sales
• Optimal policies and bounds for stochastic inventory systems with lost sales
• Lost-sales inventory systems with a service level criterion
• On the optimal policy structure in serial inventory systems with lost sales
• Robustness of Order-Up-to Policies in Lost-Sales Inventory Systems
• A lost sales inventory system with supply uncertainty
• On the Structure of Lost-Sales Inventory Models
• Rationing mechanisms and inventory control-policy parameters for a divergent supply chain operating with lost sales and costs of review
• A control policy for \((s,S)\) and production inventory systems

Cites work

• A Pollaczek–Khintchine formula for M/G/1 queues with disasters
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• A STORAGE SYSTEM WITH SPORADIC AND CONTINUOUS CLEARINGS
• A continuous review replenishment-disposal policy for an inventory system with autonomous supply and fixed disposal costs
• A fluid EOQ model with Markovian environment
• A multi-dimensional martingale for Markov additive processes and its applications
• A periodic-review inventory model with application to the continuous-review obsolescence problem
• An exhaustive lĕvy storage process with intermittent output
• Applied Probability and Queues
• Clearing models for \(M/G/1\) queues
• Cost Models for Stochastic Clearing Systems
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• Introduction to Matrix Analytic Methods in Stochastic Modeling
• Managing Inventory with the Prospect of Obsolescence
• Modeling sourcing strategies to mitigate part obsolescence
• On a finite-buffer bulk-service queue with disasters
• Passage times in fluid models with application to risk processes
• Performance measures of a multi-layer Markovian fluid model
• Production/clearing models under continuous and sporadic reviews
• Semi-stationary clearing processes
• The Workload in the M/G/1 Queue with Work Removal
• Time dependent analysis of finite buffer fluid flows and risk models with a dividend barrier
• Useful martingales for stochastic storage processes with Lévy input

Cited in

(6)

• Optimal policies for production-clearing systems under continuous-review
• A make-to-stock production/inventory model with MAP arrivals and phase-type demands
• An order-revenue inventory model with returns and sudden obsolescence
• Stochastic fluid models with upward jumps and phase transitions
• Sporadic and Continuous Clearing Policies for a Production/Inventory System Under an M/G Demand Process
• The residual time approach for \((Q, r)\) model under perishability, general lead times, and lost sales

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