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Numerical analysis of(s, S) inventory systems with repeated attempts

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Abstract

This paper deals with a continuous review (s,S) inventory system where arriving demands finding the system out of stock, leave the service area and repeat their request after some random time. This assumption introduces a natural alternative to classical approaches based either on lost demand models or on backlogged models. The stochastic model formulation is based on a bidimensional Markov process which is numerically solved to investigate the essential operating characteristics of the system. An optimal design problem is also considered.

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Authors and Affiliations

  1. Department of Statistics and Operations Research, Faculty of Mathematics, Complutense University of Madrid, Madrid, 28040, Spain

    J. R. Artalejo

  2. Department of Mathematics, Cochin University of Science and Technology, Cochin, 682022, India

    A. Krishnamoorthy

  3. School of Statistics, Complutense University of Madrid, Madrid, 28040, Spain

    M. J. Lopez-Herrero

Authors
  1. J. R. Artalejo
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  2. A. Krishnamoorthy
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  3. M. J. Lopez-Herrero
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Correspondence to J. R. Artalejo.

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AMS subject classification: 90B05 90B22

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Artalejo, J.R., Krishnamoorthy, A. & Lopez-Herrero, M.J. Numerical analysis of(s, S) inventory systems with repeated attempts. Ann Oper Res 141, 67–83 (2006). https://doi.org/10.1007/s10479-006-5294-8

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  • DOI: https://doi.org/10.1007/s10479-006-5294-8

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