TECHNICAL NOTE---Exact Analysis of a Lost Sales Model Under Stuttering Poisson Demand

Jie Chen (), Peter L. Jackson () and John A. Muckstadt ()
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Jie Chen: School of Operations Research and Information Engineering, Cornell University, Ithaca, New York 14853
Peter L. Jackson: School of Operations Research and Information Engineering, Cornell University, Ithaca, New York 14853
John A. Muckstadt: School of Operations Research and Information Engineering, Cornell University, Ithaca, New York 14853

Operations Research, 2011, vol. 59, issue 1, 249-253

Abstract: We investigate the ( S - 1, S ) inventory policy under stuttering Poisson demand and generally distributed lead time when the excess demand is lost. We correct results presented in Feeney and Sherbrooke's seminal paper [Feeney, G. J., C. C. Sherbrooke. 1966. The ( S - 1, S ) inventory policy under compound Poisson demand. Management Sci. 12 (5) 391--411] and note that the stationary distribution of units on order for the general compound Poisson demand case is still an open question.

Keywords: lost sales; stuttering Poisson process; reversible Markov chain (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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