Article ID: | iaor19991082 |
Country: | United States |
Volume: | 45 |
Issue: | 7 |
Start Page Number: | 687 |
End Page Number: | 703 |
Publication Date: | Oct 1998 |
Journal: | Naval Research Logistics |
Authors: | Arreola-Risa Antonio, DeCroix Gregory A. |
We explore the management of inventory for stochastic-demand systems, where the product's supply is randomly disrupted for periods of random duration, and demands that arrive when the inventory system is temporarily out of stock become a mix of backorders and lost sales. The stock is managed according to the following modified (