) inventory system with poisson demand and constant lead time.
Gadi RabinowitzAbraham MehrezChing-Wu ChuButje Eddy PatuwoPublished in: Comput. Oper. Res. (1995)
Keyphrases
- lead time
- poisson process
- inventory level
- supply chain
- inventory systems
- inventory control
- service level
- multi echelon
- continuous review inventory
- stochastic lead times
- single item
- lot sizing
- single product
- planning horizon
- stochastic demand
- setup cost
- holding cost
- lost sales
- total cost
- optimal base stock levels
- periodic review
- random variables
- inventory costs
- assembly systems
- lot size
- order quantity
- infinite horizon
- reorder point
- replenishment policy
- base stock policy
- production inventory
- demand distributions
- independent and identically distributed
- expected profit
- inventory management
- probability distribution
- utility function
- single stage
- optimal solution