Numerical analysis of a continuous-review lost-sales inventory model where two orders may be outstanding
type: Item
instance of: scholarly article
title: Numerical analysis of a continuous-review lost-sales inventory model where two orders may be outstanding
zbMATH Open document ID: 0764.90028
DOI: 10.1016/0377-2217(92)90173-7
author: Roger M. Hill
published in: European Journal of Operational Research
publication date: 1993-02-18T00:00:00Z
review text: A continuous-review inventory process is considered with a fixed re-order level and a fixed order quantity. The lead time is constant. It is assumed that the demand is Poisson. During the stockout the demand is lost and a maximum of two orders may be outstanding at any time. A numerical procedures for computing the steady-state probabilities is described. A comparison with three alternative approximate models is given.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90B22
zbMATH DE Number: 123543
zbMATH Keywords: Poisson demand
zbMATH Keywords: continuous-review inventory process
zbMATH Keywords: fixed re-order level
zbMATH Keywords: fixed order quantity
zbMATH Keywords: numerical procedures
zbMATH Keywords: steady-state probabilities
reviewed by: Ryszarda Rempała
MaRDI profile type: Publication
full work available at URL: 0377-2217(92)90173-7
OpenAlex ID: W2007415667
cites work: Continuous Review (s, S) Policies with Lost Sales
cites work: Q5580075
cites work: Q5343971
cites work: On the Stationary Analysis of Continuous Review (s, S) Inventory Systems with Constant Lead Times
description: scientific article; zbMATH DE number 123543