1991 | OriginalPaper | Chapter
A Lost Sales Inventory System with Multiple Reorder Levels
Authors : S. Kalpakam, G. Arivarignan
Published in: Stochastic Processes and their Applications
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
In the analysis of continuous review inventory systems with lost sales, all the models studied so far impose the restriction s < S-s or s = S-l to make the analysis tractable.This paper deals with a general lost sales inventory system with renewal demands and exponential lead times without any condition on the values of s and S.The inventory level distribution and the mean reorder and shortage rates are obtained. A computational procedure to calculate the various limiting values along with numerical illustration is provided.