Abstract
In this paper we extend earlier work that analyzes a single echelon single item base-stock inventory system where Demand is modeled as a compound Poisson process and the lead-time is stochastic. The extension consists in considering a cost oriented system where unfilled demands are lost. The case of partial lost sales is assumed. We first model the inventory system as a Makovian M/G/( queue then we propose a method to calculate numerically the optimal base-stock level. A preliminary numerical investigation is also conducted to show the performance of our solution.
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Babai, M.Z., Jemai, Z., Dallery, Y. (2013). Base Stock Inventory Systems with Compound Poisson Demand: Case of Partial Lost Sales. In: Emmanouilidis, C., Taisch, M., Kiritsis, D. (eds) Advances in Production Management Systems. Competitive Manufacturing for Innovative Products and Services. APMS 2012. IFIP Advances in Information and Communication Technology, vol 398. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40361-3_88
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DOI: https://doi.org/10.1007/978-3-642-40361-3_88
Publisher Name: Springer, Berlin, Heidelberg
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