An inventory system with retrial demands, multiple vacations and two supply modes

J. Kathiresan and N. Anbazhagan

International Journal of Operational Research, 2020, vol. 37, issue 4, 524-548

Abstract: This paper analyses a continuous review inventory system with single server, multiple vacations, Poisson demand, retrial demand, exponential distributed lead time and two supply modes for replenishment with one having a shorter lead time. To derive the stationary distribution of the system, we employ the Gaver's method. After computing various system performance measures, some cost minimisation numerical results are presented.

Keywords: continuous review inventory system; positive leadtime; retrial demand; multiple vacations; two supply modes; Poisson demand; single server; finite orbit; constant retrial policy; Markov process. (search for similar items in EconPapers)
Date: 2020
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