A partial replenishment model for an inventory with constant demand
  • Choi, Seung Kyoung
  • Lim, Kyung Eun
  • Lee, Eui Yong
Citations

WEB OF SCIENCE

4
Citations

SCOPUS

5

초록

An inventory with constant demand is considered. The inventory is checked according to a Poisson process and replenished either fully or partially when the stock is below a threshold. We obtained the stationary distribution of the level of the inventory. After assigning several costs to the inventory, we also derived the long-run average cost per unit time. A numerical example is studied to find the optimal values of the checking rate and threshold, which minimize the long-run average cost. (c) 2007 Elsevier Inc. All rights reserved.

키워드

constant demandlong-run average costpartial replenishmentpoisson processstationary distributionS,S POLICIESLEAD TIMEOPTIMALITY(S,S)-POLICIES
제목
A partial replenishment model for an inventory with constant demand
저자
Choi, Seung KyoungLim, Kyung EunLee, Eui Yong
DOI
10.1016/j.apm.2007.06.013
발행일
2008-09
유형
Article
저널명
Applied Mathematical Modelling
32
9
페이지
1790 ~ 1796