Optimal Policy for Continuous-Review Inventory Problem with Partial Backlogging Demand and Positive Lead Time

• Main Authors: Li, Qingying, DING, Qing, Li, Chung-lun
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2011
• 主題: Business Administration, Management, and Operations
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/3083

We consider a continuous-review inventory control problem with an infinite horizon, Poisson demand process, stochastic lead-time, and partial lost sales. This fundamental inventory problem is known to be notoriously difficult even for the case with 100% lost sales. We present a new solution approach...