Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

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.
Please use this url to cite or link to this publication:
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
2023-01-04 03:07:55
@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}},
}