Stationary analysis of an (R, Q) inventory model with normal and emergency orders

DOI10.1017/JPR.2022.43MaRDI QIDQ5880988zbMATH OpenOpenAlexFDO

Authors Onno Boxma, David Perry, Wolfgang Stadje

Publication date 9 March 2023

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

Full work available at URL https://doi.org/10.1017/jpr.2022.43

zbMATH Keywords

\((R,Q)\) inventorylevel crossingssteady-state analysisstochastic lead time

Mathematics Subject Classification ID

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

Recommendations

• On the stationary stochastic response of an order-constrained inventory system
• The continuous ( S , s , S_e ) inventory model with dual sourcing and emergency orders
• Analysis of an inventory system with emergency ordering option at the time of supply disruption
• A note on optimal policies for a periodic inventory system with emergency orders
• A periodic review inventory model with emergency orders using Bayesian demand estimation
• scientific article; zbMATH DE number 3291758
• A newsvendor inventory model with an emergency order to supply a non-increasing fraction of shortage
• Stationary distribution and perturbation bounds for a stochastic inventory model
• scientific article; zbMATH DE number 4051309
• Stationary distributions in inventory control models

Cites work

• A Continuous Review Model for an Inventory System with Two Supply Modes
• A generalized impulse control model of cash management
• A heuristic for triggering emergency orders in an inventory system
• A periodic review inventory system with emergency replenishments
• A periodic review inventory system with two supply modes
• A real-time decision rule for an inventory system with committed service time and emergency orders
• An (S − 1, S) Inventory System with Emergency Orders
• An algorithm for evaluating the number of controls in trigger--target models
• Drift control of international reserves
• Explicit Solution of Inventory Problems with Delivery Lags
• Foundations of inventory management
• Level crossing methods in stochastic models
• Monotonicity properties of a class of stochastic inventory systems
• Multiple sourcing: The determination of lead times
• On up- and downcrossings
• ON/OFF STORAGE SYSTEMS WITH STATE-DEPENDENT INPUT, OUTPUT, AND SWITCHING RATES
• Optimal Inventory Under Stochastic Demand with Two Supply Options
• Optimal ordering policies with two suppliers when lead times and demands are all stochastic
• Optimal policies for a multi‐product inventory system with negotiable lead times
• Reducing Inventory Costs by Order Splitting in the Sole Sourcing Environment
• Safety stock reduction by order splitting
• Steady-State Solutions in Problems of Optimum Inventory Control
• The Stationary Distribution and First Exit Probabilities of a Storage Process with General Release Rule
• The Status of Mathematical Inventory Theory

Cited in

(2)

• An emergency supply policy for an inventory replenishment model with returns and partial backorders
• Equilibrium analysis of an observable queueing-inventory system with normal and emergency replenishment policies

This page was built for publication: Stationary analysis of an (R, Q) inventory model with normal and emergency orders

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5880988)