| Article ID: | iaor1991430 |
| Country: | Netherlands |
| Volume: | 9 |
| Issue: | 3 |
| Start Page Number: | 161 |
| End Page Number: | 167 |
| Publication Date: | May 1990 |
| Journal: | Operations Research Letters |
| Authors: | Liu Liming |
For the case of Poisson demand and exponential lifetime distribution, an alternative approach is used which gives the stationary probability distribution of the inventory level and other system performance measures explicitly. From these measures, a closed form long-run expected cost function is established and its analytical properties are discussed.