Sporadic and continuous clearing policies for a production/inventory system under an M/G demand process
Autor(en): | Perry, D Stadje, W Zacks, S |
Stichwörter: | Mathematics; Mathematics, Applied; MODELS; Operations Research & Management Science; production/inventory system; sporadic and continuous clearing policies; TIMES | Erscheinungsdatum: | 2005 | Herausgeber: | INFORMS | Enthalten in: | MATHEMATICS OF OPERATIONS RESEARCH | Band: | 30 | Ausgabe: | 2 | Startseite: | 354 | Seitenende: | 368 | Zusammenfassung: | A production/inventory system is filled continuously at rate I and satisfies demands of i.i.d. random sizes that arrive at Poisson times. For this system we consider two clearing policies. Under sporadic review, clearing takes place after a random time independent of the content process. Under continuous review, the system is cleared as soon as the inventory level reaches some pre-specified threshold. We derive explicit results for the associated expected discounted cost functionals under both types of clearing. |
ISSN: | 0364765X | DOI: | 10.1287/moor.1040.0123 |
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geprüft am 07.06.2024