An inventory model with Wiener demand process and positive lead time

An inventory model with Wiener demand process and positive lead time

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Article ID: iaor19942125
Country: Germany
Volume: 29
Start Page Number: 181
End Page Number: 193
Publication Date: May 1994
Journal: Optimization
Authors:
Keywords: Wiener process
Abstract:

In the paper there is presented a special one-product inventory model with Wiener demand process, a fixed positive lead time and a (r,Q)-strategy. For general cost functions the paper gives a method of computation of the long run average cost. In the case of linear cost functions it explicitly determines the optimal strategy parameters.

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