Operating Characteristics of the (S - 1, S) Inventory System with Partial Backorders and Constant Resupply Times

Kamran Moinzadeh
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Kamran Moinzadeh: Department of Management Science, University of Washington, Seattle, Washington 98195

Management Science, 1989, vol. 35, issue 4, 472-477

Abstract: In this paper we consider an (S - 1, S) inventory system with Poisson demand and constant resupply times. An arriving customer facing stockout will either backorder or withdraw its order. Expressions describing steady state operating characteristics of the system and the expected total cost rate are developed. Furthermore, the behavior of the expected total cost rate as the function of the relevant parameters is explored.

Keywords: inventory systems; order-for-order policy; partial backordering (search for similar items in EconPapers)
Date: 1989
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