Abstract
This paper considers a single-echelon, continuous review, inventory system with a warehouse facing compound Poisson customer demand. The replenishment lead-time is constant. Demand that cannot be met directly is backordered. There are standard linear holding and backorder costs but no set-up or ordering cost. It is assumed that the demand process starts at a certain given time. Consequently, before the demand starts, the lead-time demand is lower than in steady state. This affects the optimal ordering policy. We derive the optimal ordering policy under these assumptions.
Original language | English |
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Pages (from-to) | 553-556 |
Journal | International Journal of Production Economics |
Volume | 143 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2013 |
Subject classification (UKÄ)
- Transport Systems and Logistics