Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2001-10-16
Number: 01-101/4
Author-Name: Emöke Bázsa
Author-Email: bazsa@few.eur.nl
Author-Workplace-Name: Erasmus University Rotterdam
Author-Name: Peter den Iseger
Author-Workplace-Name: Erasmus University Rotterdam
Title: Single Item Inventory Models
Abstract: This paper extends a fundamental result about single-item inventory systems. This approachallows more general performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We obtain closed form expressions forthe Laplace transforms of the expressions of the performance measures, and with the help of anefficient inversion algorithm, the approximations of these cost and service measures are almost upto machine precision.
File-Url: https://papers.tinbergen.nl/01101.pdf
File-Format: application/pdf
File-Size: 641112 bytes
Handle: RePEc:tin:wpaper:20010101