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Developing a closed-form cost expression for an (R,s,nQ) policy where the demand process is compound generalized Erlang

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Author Info
Larsen, Christian () (Department of Management Science and Logistics, Aarhus School of Business)
Kiesmüller, Gudrun P. (Faculty of Technology Management)
Abstract

We derive a closed-form cost expression for an (R,s,nQ) inventory control policy where all replenishment orders have a constant lead-time, unfilled demand is backlogged and inter-arrival times of order requests are generalized Erlang distributed

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Publisher Info
Paper provided by University of Aarhus, Aarhus School of Business, Department of Business Studies in its series CORAL Working Papers with number L-2006-09.

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Length: 22 pages
Date of creation: 20 Jun 2006
Date of revision:
Handle: RePEc:hhb:aarbls:2006-009

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Postal: The Aarhus School of Business, Fuglesangs Allé 4, DK-8210 Aarhus V, Denmark
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Related research
Keywords: Inventory control; Compound renewal process; Generalized Erlang distribution;

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