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The continuous (S,s,Se) inventory model with dual sourcing and emergency orders

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  • Barron, Yonit

Abstract

This paper examines an inventory system of a retailer who uses a continuous-review base-stock policy to manage inventory. We consider two types of demands: Markov-modulated fluid demands with linear rates and batch-size demands that arrive according to a Markov arrival process (MAP). In addition, we consider two types of supply: (i) a regular supply that follows an (S,s) policy with stochastic lead times under a lost-sales assumption and (ii) an additional emergency supply that brings the inventory up to level 0

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  • Barron, Yonit, 2022. "The continuous (S,s,Se) inventory model with dual sourcing and emergency orders," European Journal of Operational Research, Elsevier, vol. 301(1), pages 18-38.
    • Handle: RePEc:eee:ejores:v:301:y:2022:i:1:p:18-38
    DOI: 10.1016/j.ejor.2021.09.021
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    1. Yonit Barron, 2023. "Integrating Replenishment Policy and Maintenance Services in a Stochastic Inventory System with Bilateral Movements," Mathematics, MDPI, vol. 11(4), pages 1-35, February.

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