Journal of the Korean Operations Research and Management Science Society (한국경영과학회지)

The Korean Operations Research and Management Science Society (한국경영과학회)
권호 표지

An One-for-One Ordering Inventory Policy with Poisson Demands and Losses with Order Dependent Leadtimes

  • Choi, Jin-Yeong (Dept. of Industrial Engineering, Kyonggi University) ;
  • Kim, Man-Sik (Dept. of Industrial Engineering, Hanyang University)
  • Published : 1987.04.01
Download PDF
⟨ Previous Next ⟩

Abstract

A stochastic model for an inventory system in which depletion of stock takes place due to random demand as well as random loss of items is studied under the assumption that the intervals between cussessive unit demands as well as those between cussessive unit losses, are independently and identically distributed random variables having negative exponential distributions with respective parameters .mu. and .lambda. It is further assumed that leadtime for each order is an outstanding-order-dependent random variable. The steady state probability distribution of the net inventory level is derived under the continuous review (S -1, S) inventory policy, from which the total expected coast expression is formulated.

Keywords

References

  1. J. of Korean Institute of Industrial Engineers v.11 A Continuous Review(s,S) InVentory model in which Depletion is due to Demand and Loss of Units J.Y.Choi;M.S.Kim
  2. Opns. Res. v.19 The (S-1, S) Inventory Model under Time Limit on Backorders C.Das
  3. Mgmt. Sci. v.12 The (S-1, S) Inventory Policy under Compound Poisson Demand G.F.Feeney;C.C.Sherbrooke
  4. Opns. Res. v.19 On one-for-one ordering Inventory Policies With State-Dependent Leadtimes D.Gross;C.H.Harrias
  5. Analysis of Inventory Systems G.Hadley;T.M.Whitin
  6. J. of Opns. Res. Soc. v.32 A Continuous Riview of (S-s) Inventory Systems in Which Depletion is due to Demand and Failure of Units S,Kumaraswamy;Sankarasubramanian
  7. Opns. Res. v.23 Optimal Ordering Policies for Perishable Inventory Ⅱ S.Nahmias
  8. Mgmt. Sci. v.22 Myopic Approximations for the Perishable Inventory Problem S,Nahmias
  9. Opns. Res. v.26 The Fixed Charge Perishable Inventory Problem S,Nahmias
  10. Opns. Res. v.16 METRIC:A Multi-Echelon Technique for Recoverable Item Control C.C.Sherbrooke
  11. Analysis of System in Operations Research B.D.Sivazlian;L.E.Stanfel