Replenishment Processes

Thomas Wensing ()
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Thomas Wensing: Catholic University Eichstätt-Ingolstadt

Chapter Chapter 5 in Periodic Review Inventory Systems, 2011, pp 57-79 from Springer

Abstract: Abstract This chapter focuses on the replenishment aspect of static stochastic inventory models, namely the modeling of the replenishment lead time generating process. Before starting, let us briefly recapitulate the contents of the previous chapters. To begin with, we described the fundamental terminology related to speaking of inventory systems and telling one system from another in Chap. 2. We then gave an overview of the relevant literature on single-level static stochastic inventory systems in Chap. 3. We will revisit some of the papers that we introduced there in this chapter with respect to the analysis of the replenishment process. Finally, we described some basic methods of stochastic analysis in Chap. 4 that we will partially revisit in the approaches described in this chapter.

Keywords: Lead Time; Inventory System; Purchase Order; Demand Unit; Order Cycle (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-20479-1_5

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DOI: 10.1007/978-3-642-20479-1_5

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