Technical Note—Cost Formulas for Continuous Review Inventory Models with Fixed Delivery Lags

DOI10.1287/OPRE.31.5.957MaRDI QIDQ3332046zbMATHOpenAlexFDO

Authors Awi Federgruen, Zvi Schechner

Publication date 1983

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.31.5.957

zbMATH Keywords

renewal reward processErlang distributioncompound Poisson processinventory costs

Mathematics Subject Classification ID

Markov renewal processes, semi-Markov processes (60K15)

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Cited in

(15)

• A Revision of the Power Approximation for Computing (s, S) Policies
• Optimal continuous production-inventory systems subject to stockout risk
• Explicit Solution of Inventory Problems with Delivery Lags
• A continuous review model with general shelf age and delay-dependent inventory costs
• Replenishment Delays for Expensive Slow-Moving Items
• Inventory control with an order-time constraint: optimality, uniqueness and significance
• Inventory models with general backorder costs
• Can-order policies for coordinated inventory replenishment with Erlang distributed times between ordering
• Inventory Models with Fixed Costs, Forecast Updates, and Two Delivery Modes
• An analytical study of the \(Q(s,S)\) policy applied to the joint replenishment problem
• Optimal inventory control with jump diffusion and nonlinear dynamics in the demand
• Letter to the editor: An inventory model for repair parts -- approximations in the case of variable delivery time
• Optimal replenishment rate for inventory systems with compound Poisson demands and lost sales: a direct treatment of time-average cost
• Inventory models with shelf-age and delay-dependent inventory costs
• Log-concavity of compound distributions with applications in operational and actuarial models

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