Note: Optimal base-stock policy for the inventory system with periodic review, backorders and sequential lead times
Søren Glud Johansen and
Anders Thorstenson ()
Additional contact information
Søren Glud Johansen: Department of Operations Research, Postal: University of Aarhus, Ny Munkegade, Bldg. 530, DK-8000 Aarhus C
Anders Thorstenson: Department of Business Studies, Postal: The Aarhus School of Business, Fuglesangs Allé 4, 8210 Aarhus V, Denmark
No L-2006-02, CORAL Working Papers from University of Aarhus, Aarhus School of Business, Department of Business Studies
We show that well-known textbook formulae for determining the optimal base stock of the inventory system with continuous review and constant lead time can easily be extended to the case with periodic review and stochastic, sequential lead times. The provided performance measures and conditions for optimality are exact
Keywords: Inventory control; optimisation; stochastic (search for similar items in EconPapers)
Note: Published as: Johansen, S G and Thorstenson, A, Note: Optimal Base-stock Policy for the Inventory System with Periodic Review, Backorders and Sequential Lead Times, International Journal of Inventory Research, Vol 1, No 1, 2008, pp 44-52
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hhb:aarbls:2006-002
Access Statistics for this paper
More papers in CORAL Working Papers from University of Aarhus, Aarhus School of Business, Department of Business Studies The Aarhus School of Business, Fuglesangs Allé 4, DK-8210 Aarhus V, Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Helle Vinbaek Stenholt ().