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|Title: ||Exact Analysis of a Lost Sales Model under Stuttering Poisson Demand|
|Authors: ||Chen, Jie|
Jackson, Peter L.
Muckstadt, John A.
|Keywords: ||lost sales|
stuttering poisson process
reversible markov chain
|Issue Date: ||15-Jul-2009|
|Series/Report no.: ||1474|
|Abstract: ||We investigate the (S-1,S) inventory policy under stuttering Poisson
demand and generally distributed lead time when the excess demand is
lost. We correct results presented in Feeney and Sherbrooke's
seminal paper (1966). We also prove that the distribution of
?ordered unit delivery times? becomes increasingly concentrated as
the variance-to-mean ratio of demand increases.|
|Appears in Collections:||ORIE Technical Reports|
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