Single Item Inventory Models

Emöke Bázsa () and Peter den Iseger
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Emöke Bázsa: Erasmus University Rotterdam
Peter den Iseger: Erasmus University Rotterdam

No 01-101/4, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper extends a fundamental result about single-item inventory systems. This approachallows more general performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We obtain closed form expressions forthe Laplace transforms of the expressions of the performance measures, and with the help of anefficient inversion algorithm, the approximations of these cost and service measures are almost upto machine precision.

Date: 2001-10-16
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20010101

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