Technical Note—Average Costs in a Continuous Review ( s, S ) Inventory System with Exponentially Distributed Lead Time

J. Wijngaard and E. G. F. Van Winkel
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J. Wijngaard: University of Technology, Eindhoven, The Netherlands
E. G. F. Van Winkel: University of Technology, Eindhoven, The Netherlands

Operations Research, 1979, vol. 27, issue 2, 396-401

Abstract: We describe a very elementary direct numerical method to find the average number of backorders, costs and related quantities in a continuous review ( s , S ) inventory system with exponentially distributed lead time. This method can also be used in the study of E / M / C queues with state-dependent service and arrival rates.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:27:y:1979:i:2:p:396-401

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