Technical Note—Waiting Time in a Continuous Review ( s, S ) Inventory System with Constant Lead Times

W. Karl Kruse
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W. Karl Kruse: U.S. Army Inventory Research Office, U.S. Custom House, Philadelphia, Pennsylvania

Operations Research, 1981, vol. 29, issue 1, 202-207

Abstract: The waiting time distribution in an ( s , S ) continuous review inventory system with constant lead times is derived in this paper. The demand times are assumed to constitute a renewal process, and demand sizes are independent identically distributed (i.i.d.) integer valued random variables. Some relationships are given between waiting time and some common inventory measures.

Date: 1981
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