Artalejo, Jesús R. and Krishnamoorthy, A. and Lopez-Herrero, M. J. (2006) Numerical analysis of (s, S) inventory systems with repeated attempts. Annals of Operations Research , 141 (1). pp. 67-83. ISSN 0254-5330
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Official URL: http://www.springerlink.com/content/527800g4225334n0/
This paper deals with a continuous review (s, S) inventory system where arriving demands finding the system out of stock, leave the service area and repeat their request after
some random time. This assumption introduces a natural alternative to classical approaches based either on lost demand models or on backlogged models. The stochastic model formulation is based on a bidimensional Markov process which is numerically solved to investigate the essential operating characteristics of the system. An optimal design problem is also considered.
The authors thank the referees for their constructive comments on an earlier version of the paper. The research of J.R. Artalejo and M.J. Lopez-Herrero was supported by the project BFM2002-02189. A. Krishnamoorthy acknowledges UGC (India) for the support through Research Award F.30-97/98/SA-III.
|Uncontrolled Keywords:||Inventory models; Numerical methods of truncation ;Repeated attempts; Stationary distribution|
|Subjects:||Sciences > Mathematics > Operations research|
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|Deposited On:||08 Jun 2012 08:55|
|Last Modified:||06 Feb 2014 10:26|
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