Exact Analysis of a Lost Sales Model under Stuttering Poisson Demand
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Author
Chen, Jie
Jackson, Peter L.
Muckstadt, John A.
Abstract
We investigate the (S-1,S) inventory policy under stuttering Poisson demand and generally distributed lead time when the excess demand is lost. We correct results presented in Feeney and Sherbrooke's seminal paper (1966). We also prove that the distribution of ?ordered unit delivery times? becomes increasingly concentrated as the variance-to-mean ratio of demand increases.
Journal / Series
1474
Date Issued
2009-07-15T16:12:10Z
Keywords
Type
technical report