An M/M/1 Queueing-Inventory System with Geometric Batch Demands and Lost Sales.
Dequan YueGuoxi ZhaoYaling QinPublished in: J. Syst. Sci. Complex. (2018)
Keyphrases
- lost sales
- capacity constraints
- demand distributions
- lead time
- inventory models
- optimal policy
- inventory level
- inventory systems
- state dependent
- inventory holding
- sample path
- single stage
- inventory control
- inventory management
- periodic review
- batch size
- planning horizon
- multi item
- single item
- infinite horizon
- long run
- stochastic demand
- stochastic lead times
- steady state
- customer demand
- arrival rate
- order quantity
- holding cost
- finite horizon
- expected cost
- base stock policies
- supply chain
- setup cost
- total cost
- raw material
- ordering cost
- lot sizing
- ordering policy
- queueing systems
- inventory policy
- single product
- single period
- asymptotically optimal
- production planning
- cost function