The effect of lead time and demand uncertainties in (r, q) inventory systems
Publication
, Journal Article
Song, JS; Zhang, H; Hou, Y; Wang, M
Published in: Operations Research
January 1, 2010
We study a single-item (r, q) inventory system, where r is the reorder point and q is the order quantity. The demand is a compound-Poisson process. We investigate the behavior of the optimal policy parameters and the long-run average cost of the system in response to stochastically shorter or less-variable lead times. We show that although some of the properties of the base-stock system can be extended to this more general model, some cannot. The same findings also apply when the comparison is conducted on the lead-time demand distributions. © 2010 INFORMS.
Duke Scholars
Published In
Operations Research
DOI
EISSN
1526-5463
ISSN
0030-364X
Publication Date
January 1, 2010
Volume
58
Issue
1
Start / End Page
68 / 80
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics
Citation
APA
Chicago
ICMJE
MLA
NLM
Song, J. S., Zhang, H., Hou, Y., & Wang, M. (2010). The effect of lead time and demand uncertainties in (r, q) inventory systems. Operations Research, 58(1), 68–80. https://doi.org/10.1287/opre.1090.0711
Song, J. S., H. Zhang, Y. Hou, and M. Wang. “The effect of lead time and demand uncertainties in (r, q) inventory systems.” Operations Research 58, no. 1 (January 1, 2010): 68–80. https://doi.org/10.1287/opre.1090.0711.
Song JS, Zhang H, Hou Y, Wang M. The effect of lead time and demand uncertainties in (r, q) inventory systems. Operations Research. 2010 Jan 1;58(1):68–80.
Song, J. S., et al. “The effect of lead time and demand uncertainties in (r, q) inventory systems.” Operations Research, vol. 58, no. 1, Jan. 2010, pp. 68–80. Scopus, doi:10.1287/opre.1090.0711.
Song JS, Zhang H, Hou Y, Wang M. The effect of lead time and demand uncertainties in (r, q) inventory systems. Operations Research. 2010 Jan 1;58(1):68–80.
Published In
Operations Research
DOI
EISSN
1526-5463
ISSN
0030-364X
Publication Date
January 1, 2010
Volume
58
Issue
1
Start / End Page
68 / 80
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics