Initiation of an Inventory Control System when the Demand Starts at a Given Time

Summary, in English

This paper considers a single-echelon, continuous review, inventory system with a warehouse facing compound Poisson customer demand. The replenishment lead-time is constant. Demand that cannot be met directly is backordered. There are standard linear holding and backorder costs but no set-up or ordering cost. It is assumed that the demand process starts at a certain given time. Consequently, before the demand starts, the lead-time demand is lower than in steady state. This affects the optimal ordering policy. We derive the optimal ordering policy under these assumptions.

• Författare: Sven Axsäter
• Avdelning/ar: Produktionsekonomi
• Publiceringsår: 2013
• Språk: Engelska
• Sidor: 553-556
• Publikation/Tidskrift/Serie: International Journal of Production Economics
• Volym: 143
• Issue: 2
• Länkar: http://dx.doi.org/10.1016/j.ijpe.2011.05.028
• Dokumenttyp: Artikel i tidskrift
• Förlag: Elsevier
• Ämne: Transport Systems and Logistics
• Status: Published
• ISBN/ISSN/Övrigt: ISSN: 0925-5273