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 language | English |
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Pages (from-to) | 567-572 |
Number of pages | 6 |
Journal | Operations Research Letters |
Volume | 35 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2007 |