DocumentCode
3135717
Title
Exact Analysis and Simulation Test of Continuous (s, Q) Inventory Policy with Stochastic Lead Times
Author
Jie, Wan ; Li, Li ; Jingwu, Cheng
Author_Institution
Hebei Univ. of Technol., Tianjin
fYear
2007
fDate
9-11 June 2007
Firstpage
1
Lastpage
5
Abstract
Our research consider the standard (s,Q) model for controlling finished goods inventory under continuous review when the lead times are stochastics. We assume that customer´s demand is deterministic and the unsatisfied goods are lost. Based on the reviewing relevant literature, we present our approximate formulations and apply them into a case. By using Excel, we prove our approximate solution.
Keywords
demand forecasting; finished goods inventory; stochastic processes; stock control; continuous (s,Q) inventory policy; deterministic customer demand; finished good inventory control; stochastic lead time; Analytical models; Closed-form solution; Costs; Discrete event simulation; Inventory control; Inventory management; Stochastic processes; Stochastic systems; Technology management; Testing; (s, Q)inventory policy; simulation; stochastic lead-time;
fLanguage
English
Publisher
ieee
Conference_Titel
Service Systems and Service Management, 2007 International Conference on
Conference_Location
Chengdu
Print_ISBN
1-4244-0885-7
Electronic_ISBN
1-4244-0885-7
Type
conf
DOI
10.1109/ICSSSM.2007.4280130
Filename
4280130
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