On regenerative processes and inventory control

Hans Frenk and Marcel Kleijn

No EI 9741/A, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: In this paper we discuss a general framework for single item inventory control models. This framework is based on the regenerative structure of these models. Using results from the theory of regenerative processes a unified presentation of those models is presented. Although most of the results are already known for special cost structures this unified presentation yields us the possibility to show that the same techniques can be applied to each instance.

Keywords: inventory; regenerative processes (search for similar items in EconPapers)
Date: 1997-01-01
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