Base stock policy with retrial demands |
| |
Authors: | N Anbazhagan Jinting Wang D Gomathi |
| |
Institution: | 1. Department of Mathematics, Alagappa University, Karaikudi, India;2. Department of Mathematics, Beijing Jiaotong University, Beijing, PR China |
| |
Abstract: | In this work, we consider a continuous review base stock policy inventory system with retrial demands. The maximum storage capacity is S. It is assumed that primary demand is of unit size and primary demand time points form a Poisson process. A one-to-one ordering policy is adopted. According to this policy, orders are placed for one unit, as and when the inventory level drops due to a demand. We assume that the demands occur during the stock-out periods enter into the orbit of infinite size. The lead time is assumed to be exponential. The joint probability distribution of the inventory level and the number of demands in the orbit are obtained in the steady state case. Various system performance measures in the steady state are derived. The results are illustrated with suitable numerical examples. |
| |
Keywords: | Retrial demand Base stock policy Continuous review inventory system |
本文献已被 ScienceDirect 等数据库收录! |
|