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The Markov model for base-stock control of an inventory system with Poisson demand, non-crossing lead times and lost sales

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The Markov model for base-stock control of an inventory system with Poisson demand, non-crossing lead times and lost sales. / Johansen, Søren Glud.

In: International Journal of Production Economics, Vol. 231, 107913, 01.2021.

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@article{e15b7fedd8524fd6b657d42d0ed5243d,
title = "The Markov model for base-stock control of an inventory system with Poisson demand, non-crossing lead times and lost sales",
abstract = "We study base-stock control of a continuous review single-item inventory system with Poisson demand and lost sales. The item is supplied by an exogenous and sequential system with stochastic lead times (LTs) specified by their mean and standard deviation (SD). Define R as the square of mean/SD and define r as the smallest integer which is at least R. When R",
keywords = "Base-stock policy, Generalized Erlangian, Hypo-exponential, Lost sales, Non-crossing lead times",
author = "Johansen, {S{\o}ren Glud}",
year = "2021",
month = jan,
doi = "10.1016/j.ijpe.2020.107913",
language = "English",
volume = "231",
journal = "International Journal of Production Economics",
issn = "0925-5273",
publisher = "Elsevier BV",

}

RIS

TY - JOUR

T1 - The Markov model for base-stock control of an inventory system with Poisson demand, non-crossing lead times and lost sales

AU - Johansen, Søren Glud

PY - 2021/1

Y1 - 2021/1

N2 - We study base-stock control of a continuous review single-item inventory system with Poisson demand and lost sales. The item is supplied by an exogenous and sequential system with stochastic lead times (LTs) specified by their mean and standard deviation (SD). Define R as the square of mean/SD and define r as the smallest integer which is at least R. When R

AB - We study base-stock control of a continuous review single-item inventory system with Poisson demand and lost sales. The item is supplied by an exogenous and sequential system with stochastic lead times (LTs) specified by their mean and standard deviation (SD). Define R as the square of mean/SD and define r as the smallest integer which is at least R. When R

KW - Base-stock policy

KW - Generalized Erlangian

KW - Hypo-exponential

KW - Lost sales

KW - Non-crossing lead times

UR - http://www.scopus.com/inward/record.url?scp=85092928254&partnerID=8YFLogxK

U2 - 10.1016/j.ijpe.2020.107913

DO - 10.1016/j.ijpe.2020.107913

M3 - Journal article

AN - SCOPUS:85092928254

VL - 231

JO - International Journal of Production Economics

JF - International Journal of Production Economics

SN - 0925-5273

M1 - 107913

ER -