Performance analysis of a fluid production/inventory model with state-dependence
DC Element | Wert | Sprache |
---|---|---|
dc.contributor.author | Berman, Oded | |
dc.contributor.author | Perry, David | |
dc.contributor.author | Stadje, Wolfgang | |
dc.date.accessioned | 2021-12-23T16:16:49Z | - |
dc.date.available | 2021-12-23T16:16:49Z | - |
dc.date.issued | 2007 | |
dc.identifier.issn | 13875841 | |
dc.identifier.uri | https://osnascholar.ub.uni-osnabrueck.de/handle/unios/12059 | - |
dc.description.abstract | We study the long-run average performance of a fluid production/ inventory model which alternates between ON periods and OFF periods. During ON periods of random lengths items are added continuously, at some state-dependent rate, to the inventory. During OFF periods the content decreases (again at some state-dependent rate) back to some basic level. We derive the pertinent reward functionals in closed form. For this analysis the steady-state distributions of the stock level process and its jump counterpart are required. In several examples we use the obtained explicit formulas to maximize the long-run average net revenue numerically. | |
dc.language.iso | en | |
dc.publisher | SPRINGER | |
dc.relation.ispartof | METHODOLOGY AND COMPUTING IN APPLIED PROBABILITY | |
dc.subject | COST CRITERION | |
dc.subject | EOQ | |
dc.subject | fluid model | |
dc.subject | INVENTORY MODEL | |
dc.subject | LIMITED PRODUCTION CAPACITY | |
dc.subject | long-run average revenue | |
dc.subject | Mathematics | |
dc.subject | maximization | |
dc.subject | production/inventory model | |
dc.subject | reward functionals | |
dc.subject | state-dependent production rate | |
dc.subject | Statistics & Probability | |
dc.subject | stock-level process | |
dc.subject | SYSTEM | |
dc.subject | UNCERTAIN DEMANDS | |
dc.title | Performance analysis of a fluid production/inventory model with state-dependence | |
dc.type | journal article | |
dc.identifier.doi | 10.1007/s11009-006-9000-8 | |
dc.identifier.isi | ISI:000249951800001 | |
dc.description.volume | 9 | |
dc.description.issue | 4 | |
dc.description.startpage | 465 | |
dc.description.endpage | 481 | |
dc.publisher.place | VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS | |
dcterms.isPartOf.abbreviation | Methodol. Comput. Appl. Probab. | |
crisitem.author.dept | FB 06 - Mathematik/Informatik | - |
crisitem.author.deptid | fb06 | - |
crisitem.author.parentorg | Universität Osnabrück | - |
crisitem.author.netid | StWo325 | - |
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geprüft am 07.06.2024