The continuous (S,s,Se) inventory model with dual sourcing and emergency orders

Yonit Barron

European Journal of Operational Research, 2022, vol. 301, issue 1, 18-38

Abstract: This paper examines an inventory system of a retailer who uses a continuous-review base-stock policy to manage inventory. We consider two types of demands: Markov-modulated fluid demands with linear rates and batch-size demands that arrive according to a Markov arrival process (MAP). In addition, we consider two types of supply: (i) a regular supply that follows an (S,s) policy with stochastic lead times under a lost-sales assumption and (ii) an additional emergency supply that brings the inventory up to level 0Keywords: Applied probability; Inventory; Base-stock policy; Emergency order; MAP (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:301:y:2022:i:1:p:18-38

DOI: 10.1016/j.ejor.2021.09.021

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