We consider a continuous deterministic-demand, stochastic lead-time inventory model such that the individual unit demands are non-interchangeable.

We consider a continuous deterministic-demand, stochastic lead-time inven- tory model such that the individual unit demands are non-interchangeable. We derive ...

Oct 22, 2024 · This model is shown to be a stochastic lead-time generalization of the EOQ model with backlogging of demand. An illustrative example is ...

Oct 22, 2024 · This paper investigates the role of variable lead time, learning in production and screening errors in a vendor–buyer supply chain with ...

We consider a continuous deterministic-demand, stochastic lead-time inventory model such that the individual unit demands are non-interchangeable.

We develop a stochastic inventory model within the framework of the EOQ model. We Show that the EOQ formula holds exactly, when the demand process is renewal.

This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other ...

TL;DR: In a two stage system with a constant demand rate, this paper will concentrate on lead time as a random variable, and develop two probabilistic models, ...

Inventory control models with stochastic demand are divided into two main categories, as shown in Chapter 3: continuous and periodical review.

The model shows that risk pooling has two combined effects: lead time pooling and demand variability pooling. The authors concluded that safety stock placement ...