A procedure for the approximation of the waiting time distribution in a discrete-time (r, S) inventory system.
Horst TempelmeierLars FischerPublished in: Int. J. Prod. Res. (2019)
Keyphrases
- probability distribution
- supply chain
- markov chain
- single server queue
- lead time
- spatial distribution
- approximation error
- lot sizing
- random variables
- service level
- closed form
- continuous functions
- approximation algorithms
- error bounds
- special case
- power law
- stationary distribution
- multi item
- distribution systems
- probability mass
- profit maximization