
Accession Number : AD0710362
Title : RANDOM INVENTORY MODELS WITH BULK DEMAND AND STATEDEPENDENT LEADTIMES,
Corporate Author : GEORGE WASHINGTON UNIV WASHINGTON D C PROGRAM IN LOGISTICS
Personal Author(s) : Gross,Donald ; Harris,Carl M. ; Lechner,James A.
Report Date : 22 JUN 1970
Pagination or Media Count : 32
Abstract : The paper describes two oneforone 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, and that portion of the leadtime corresponding to the actual filling of orders is assumed to depend on the number of outstanding orders. Since the orders placed are assumed to go into a singleserver queue, queuing results are used to obtain the expected inventory cost as a function of S in order to obtain an optimal value of S. (Author)
Descriptors : (*REPLACEMENT THEORY, QUEUEING THEORY), STATISTICAL PROCESSES, STOCHASTIC PROCESSES, DISTRIBUTION FUNCTIONS, LEAD TIME, OPTIMIZATION, COSTS
Subject Categories : Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE