Random demand satisfaction in unreliable production–inventory–customer systems

Random demand satisfaction in unreliable production–inventory–customer systems

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Article ID: iaor20042441
Country: Netherlands
Volume: 126
Issue: 1
Start Page Number: 159
End Page Number: 175
Publication Date: Feb 2004
Journal: Annals of Operations Research
Authors: , ,
Keywords: markov processes
Abstract:

A method for calculating the probability of customer demand satisfaction in production–inventory–customer systems with Markovian machines, finite finished goods buffers, and random demand is developed. Using this method, the degradation of this probability as a function of demand variability is quantified. In addition, it is shown by examples that the probability of customer demand satisfaction depends primarily on the coefficient of variation, rather than on the complete distribution, of the demand.

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