Operating characteristics of the (S-1,S) inventory system with partial backorders and constant resupply times

Operating characteristics of the (S-1,S) inventory system with partial backorders and constant resupply times

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Article ID: iaor198990
Country: United States
Volume: 35
Issue: 4
Start Page Number: 472
End Page Number: 477
Publication Date: Apr 1989
Journal: Management Science
Authors:
Abstract:

This paper considers an (S-1,S) inventory system with Poisson demand and constant resupply times. An arriving customer facing stockout will either backorder or withdraw its order. Expressions describing steady state operating characteristics of the system and the expected total cost rate are developed. Furthermore, the behavior of the expected total cost rate as the function of the relevant parameters is explored.

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