Continuous accounting of inventory costs with Brownian-motion and Poisson demand processes.
Tal AvinadavPublished in: Ann. Oper. Res. (2015)
Keyphrases
- poisson process
- lead time
- brownian motion
- inventory costs
- inventory level
- supply chain
- stochastic processes
- service level
- lot size
- lot sizing
- single item
- production cost
- production rate
- random variables
- differential equations
- planning horizon
- setup cost
- total cost
- arrival rate
- stochastic process
- infinite horizon
- production planning
- diffusion process
- decision makers