Developing a closed-form cost expression for an (R,s,nQ) policy where the demand process is compound generalized Erlang

C. Larsen, G.P. Kiesmüller

Research output: Contribution to journalArticleAcademicpeer-review

10 Citations (Scopus)
11 Downloads (Pure)

Abstract

We derive a closed-form cost expression for an (R,s,nQ) inventory control policy where all replenishment orders have a constant lead-time, unfilled demand is back-logged and inter-arrival times of order requests are generalized Erlang distributed. For given values of Q and R we show how to compute the optimal reorder level s.
Original languageEnglish
Pages (from-to)567-572
Number of pages6
JournalOperations Research Letters
Volume35
Issue number5
DOIs
Publication statusPublished - 2007

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