A Note on (S, s) Inventory Policy
AbstractThis article obtains the stationary distribution of the stock level of a continuous review (S,s) Inventory policy with the following characteristics. The demand rate is a constant and unit quantity is demanded whenever there is a demand. When the stock level reduces to an order for (S – s) units is placed which materialises after a random time; the lead time is assumed to have a distribution of PH-type. Further, it is assumed that the demands that arise when the stock level is zero are lost.
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Bibliographic InfoPaper provided by Indian Institute of Management Ahmedabad, Research and Publication Department in its series IIMA Working Papers with number WP1981-04-01_00434.
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