The equilibrium equations for the lost sales (r,q) policy with inventory level dependent demand and multiple outstanding orders

arXiv1206.2291MaRDI QIDQ6233606FDOQ6233606

Authors: Bryan Johnston 

Publication date: 11 June 2012

Abstract: We develop the equilibrium equations for the a model generalizing the continuous review (r, q) lost-sales model with constant lead time, multiple outstanding orders and unit Poisson demand. Demand rate is allowed to depend on inventory level. The model is solved for the case r=2,q=2 as well as the general case q=1. An application is given for a system involving lateral transshipments.

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