On a continuous review production-inventory problem

DOI10.1016/0167-6377(84)90026-9MaRDI QIDQ761232zbMATH OpenOpenAlexFDO

Authors Moosa Sharafali

Publication date 1984

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0167-6377(84)90026-9

zbMATH Keywords

asymptotic behaviourcontinuous reviewMarkov renewal and semi- regenerative processesproduction- inventory systemrepairsingle productstationary regimeunreliable machine

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Reliability, availability, maintenance, inspection in operations research (90B25) Production models (90B30)

Review text

The author considers a single product production-inventory system, where both the input into the inventory and the demand for the product follow a Poisson process. As soon as the stock level reaches S, the machine is shut off. It is put back into operation as soon as the stock level drops down to s. The machine itself is subject to failure; life time is exponentially distributed, repair time has an arbitrary distribution. As a main result, the inventory level is studied as a function of time. In particular, its asymptotic behaviour is derived. Furthermore, some related problems are investigated and an asymptotic cost rate is introduced, which may be employed to determine s and S in an optimal way.

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Cites work

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Cited in

(11)

• On the unutilized capacity of a production-storage system
• Incomplete convolutions in production and inventory models
• Analysis of a production-inventory system with unreliable production facility
• Unreliable production-inventory systems with hyper-exponential renewal demand processes
• (r, Q) POLICY FOR A SINGLE-PRODUCT PRODUCTION/INVENTORY PROBLEM WITH A COMPOUND POISSON DEMAND PROCESS
• Asymptotic analysis for a production–inventory control model with renewal arrivals and exponential demands
• On the solution of some approximate continuous review inventory models
• (R, r) Production/Inventory Systems
• Continuous production/inventory model with analogy to certain queueing and dam models
• Sporadic and Continuous Clearing Policies for a Production/Inventory System Under an M/G Demand Process
• Inventory levels to stop and restart a single machine producing one product

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