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A Model of Inventory Control. II

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Abstract

A model of inventory control is considered. It is described by a semi-Markovian random walk with a negative drift at an angle of α (0° < α < 90°), with positive random jumps, delays, and absorbing screens at zero and at a #gt; 0. The Laplace transformation is found for the distribution of the first moment of the stoking up of a warehouse, and its first and second moments are explicitly obtained.

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Nasirova, T.I., Yapar, G. & Aliev, I.M. A Model of Inventory Control. II. Cybernetics and Systems Analysis 36, 865–878 (2000). https://doi.org/10.1023/A:1009409410974

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