Initiation of an Inventory Control System when the Demand Starts at a Given Time
(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:
https://lup.lub.lu.se/record/1978919
- author
- Axsäter, Sven LU
- organization
- publishing date
- 2013
- 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}}, }