A continuous review inventory system with arbitrary interarrival times between demands and an exhibiting item subject to random failure (Q1073712)
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scientific article; zbMATH DE number 3945839
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A continuous review inventory system with arbitrary interarrival times between demands and an exhibiting item subject to random failure |
scientific article; zbMATH DE number 3945839 |
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A continuous review inventory system with arbitrary interarrival times between demands and an exhibiting item subject to random failure (English)
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1985
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The authors investigate continuous inventory systems with one product without time lag. The times between demands are described by independent identically distributed random variables. One item is put into operation as an exhibiting item. The live-time of this item is assumed to be exponentially distributed. On failure it is immediately replaced by another item from the stock. The authors use (s,S)-policies.
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random failure
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arbitrary interarrival times
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continuous inventory systems
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one product
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exhibiting item
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