Accession Number : AD0699338

Title :   STOCHASTIC INVENTORY MODELS WITH BULK DEMAND AND STATE-DEPENDENT LEADTIMES,

Corporate Author : RESEARCH ANALYSIS CORP MCLEAN VA

Personal Author(s) : Harris,Carl A. ; Lechner,James A. ; Robers,Philip D. ; Gross,Donald ; Miercort,Frederic A.

Report Date : NOV 1969

Pagination or Media Count : 32

Abstract : The paper describes several one-for-one ordering (S - 1,S) inventory models in which the time required for order replenishment is state dependent. The demand is assumed to follow a compound Poisson distribution. That portion of the leadtime dealing with the actual filling of orders is assumed to depend on the number of outstanding orders. Several models are investigated. Since the orders placed are assumed to go into a single-server queue, queuing results are used to obtain the expected inventory costs as a function of S in order to obtain an optimal value of S. (Author)

Descriptors :   (*INVENTORY ANALYSIS, *QUEUEING THEORY), REPLACEMENT THEORY, MATHEMATICAL MODELS, STOCHASTIC PROCESSES, COST EFFECTIVENESS

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE