Two Periodic Review inventory Models with Backorders and Stuttering Poisson Demands
Titel:
Two Periodic Review inventory Models with Backorders and Stuttering Poisson Demands
Auteur:
Gallagher, David John
Verschenen in:
IIE transactions
Paginering:
Jaargang 1 (1969) nr. 2 pagina's 164-171
Jaar:
1969-06-01
Inhoud:
Two periodic review inventory models, (R, T) and (nQ, r, T), are analyzed for the situation where demands are characterized by either a Poisson or stuttering Poisson process. In each model, backorders are allowed and the procurement lead time is considered to be a constant. Average annual cost equations are developed for each model and solution techniques presented, so that minimum average annual costs can be determined. A numerical example is also presented. It is shown for large times between reviews that the (R, T) and (nQ, r, T) models are essentially equivalent.
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