Developing a closed-form cost expression for an (R,s,nQ) policy where the demand process is compound generalized Erlang

Christian Larsen () and Gudrun P. Kiesmüller
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Christian Larsen: Department of Management Science and Logistics, Aarhus School of Business, Postal: The Aarhus School Business, Fuglesangs Alle 4, 8210 Aarhus V, Denmark, http://www.asb.dk/staff/bs/chl.aspx?page=%7B803EFF10-69F7-4C0F-AEE3-F7F410E4B6F2%7D
Gudrun P. Kiesmüller: Faculty of Technology Management, Postal: Technical University Eindhoven, P.O. Box 513, 5600 MB Eindhoven, The Netherlands

No L-2006-09, CORAL Working Papers from University of Aarhus, Aarhus School of Business, Department of Business Studies

Abstract: We derive a closed-form cost expression for an (R,s,nQ) inventory control policy where all replenishment orders have a constant lead-time, unfilled demand is backlogged and inter-arrival times of order requests are generalized Erlang distributed

Keywords: Inventory control; Compound renewal process; Generalized Erlang distribution (search for similar items in EconPapers)
Pages: 22 pages
Date: 2006-06-20
New Economics Papers: this item is included in nep-bec
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