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A comparison between the order and the volume fill rate for a base-stock inventory control system under a compound renewal demand process.

Christian LarsenAnders Thorstenson
Published in: J. Oper. Res. Soc. (2008)
Keyphrases
  • control system
  • lead time
  • production cost
  • inventory control
  • customer demand
  • markov chain
  • control law
  • failure rate
  • dynamic pricing
  • production rate
  • demand forecasting