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Initiation of an Inventory Control System when the Demand Starts at a Given Time

Axsäter, Sven LU (2013) In International Journal of Production Economics 143(2). p.553-556
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.
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
International Journal of Production Economics
volume
143
issue
2
pages
553 - 556
publisher
Elsevier
external identifiers
  • wos:000320287100041
  • scopus:84877585188
ISSN
0925-5273
DOI
10.1016/j.ijpe.2011.05.028
language
English
LU publication?
yes
id
ac08e515-f75c-4abf-9042-be487fb45049 (old id 1978919)
date added to LUP
2016-04-01 14:10:51
date last changed
2020-05-20 02:21:57
@article{ac08e515-f75c-4abf-9042-be487fb45049,
  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.},
  author       = {Axsäter, Sven},
  issn         = {0925-5273},
  language     = {eng},
  number       = {2},
  pages        = {553--556},
  publisher    = {Elsevier},
  series       = {International Journal of Production Economics},
  title        = {Initiation of an Inventory Control System when the Demand Starts at a Given Time},
  url          = {http://dx.doi.org/10.1016/j.ijpe.2011.05.028},
  doi          = {10.1016/j.ijpe.2011.05.028},
  volume       = {143},
  year         = {2013},
}