An infinite horizon inventory model with periodic order commitment
文献类型:期刊论文
作者 | Cheung, KL; Yuan, XM |
刊名 | EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
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出版日期 | 2003-04-01 |
卷号 | 146期号:1页码:52-66 |
关键词 | inventory model infinite horizon Markov chain GI/M/1 queue |
ISSN号 | 0377-2217 |
英文摘要 | This paper studies an infinite horizon inventory model of a buyer with a periodic order commitment. The commitment requires the buyer to purchase at least a certain fixed amount on a periodic basis. There is no extra adjustment cost should the buyer decide to order more than the basic amount. We consider general discrete demand distributions. We formulate a Markov chain to represent the behavior of the inventory system. Stimulated by the solution approach to the classical GI/M/1 queue, we derive the steady-state results and obtain the exact closed-form cost function. Numerical examples are provided. (C) 2002 Elsevier Science B.V. All rights reserved. |
WOS研究方向 | Business & Economics ; Operations Research & Management Science |
语种 | 英语 |
WOS记录号 | WOS:000180346000004 |
出版者 | ELSEVIER SCIENCE BV |
源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/18307] ![]() |
专题 | 中国科学院数学与系统科学研究院 |
通讯作者 | Cheung, KL |
作者单位 | 1.Hong Kong Univ Sci & Technol, Dept Informat & Syst Management, Kowloon, Hong Kong, Peoples R China 2.Chinese Acad Sci, Inst Appl Math, Beijing 100080, Peoples R China |
推荐引用方式 GB/T 7714 | Cheung, KL,Yuan, XM. An infinite horizon inventory model with periodic order commitment[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2003,146(1):52-66. |
APA | Cheung, KL,&Yuan, XM.(2003).An infinite horizon inventory model with periodic order commitment.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,146(1),52-66. |
MLA | Cheung, KL,et al."An infinite horizon inventory model with periodic order commitment".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 146.1(2003):52-66. |
入库方式: OAI收割
来源:数学与系统科学研究院
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