Developing a closed-form cost expression for an (R,s,nQ) policy where the demand process is compound generalized Erlang
AbstractWe 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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Bibliographic InfoPaper provided by University of Aarhus, Aarhus School of Business, Department of Business Studies in its series CORAL Working Papers with number L-2006-09.
Length: 22 pages
Date of creation: 20 Jun 2006
Date of revision:
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Inventory control; Compound renewal process; Generalized Erlang distribution;
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- Martin Beckmann, 1961. "An Inventory Model for Arbitrary Interval and Quantity Distributions of Demand," Management Science, INFORMS, vol. 8(1), pages 35-57, October.
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