Article ID: | iaor20012150 |
Country: | Netherlands |
Volume: | 68 |
Issue: | 3 |
Start Page Number: | 279 |
End Page Number: | 286 |
Publication Date: | Jan 2000 |
Journal: | International Journal of Production Economics |
Authors: | Hill Roger M., Johansen Soren Glud |
In this paper we consider a periodic review inventory model with lost sales during a stockout and with the constraint that at most one replenishment order may be outstanding at any time. Demands in successive review periods are independent, identically distributed variables from a continuous distribution. The fixed lead time is an integral number of review periods. We explore control policies of the (