Regenerative Inventory Systems

Operating Characteristics and Optimization

  • İzzet Şahin

Part of the Bilkent University Lecture Series book series (BILKENT)

Table of contents

  1. Front Matter
    Pages i-x
  2. İzzet Şahin
    Pages 1-21
  3. İzzet Şahin
    Pages 23-53
  4. İzzet Şahin
    Pages 55-78
  5. İzzet Şahin
    Pages 79-94
  6. İzzet Şahin
    Pages 95-127
  7. İzzet Şahin
    Pages 129-145
  8. Back Matter
    Pages 147-175

About this book

Introduction

This is a renewal-theoretic analysis of a class of single-item (s, S) inventory systems. Included, in a unified exposition, are both con­ tinuous and periodic review systems under fairly general random de­ mand processes. The monograph is complete in the sense that it starts from the derivation of the time dependent and stationary dis­ tributions of basic stochastic processes related to these systems and concludes with the construction and testing of simple, distribution­ free approximations for optimal control policies. However, it is rather incomplete as an account of single-item inventory systems in that it narrowly focuses on systems with full backlogging of unfilled demand and constant lead times, through what has come to be known as stationary analysis. The level is intermediate, and the style is informal. Some prior knowledge of probability theory and inventory control is assumed on the part of the reader. Given these, the monograph is self-contained. Extensive use is made ofrenewal-theoretic concepts and results; these are reviewed in Chapter 2.

Keywords

Autodesk Inventor construction control distribution lead optimal control optimization probability probability theory research stochastic processes testing

Authors and affiliations

  • İzzet Şahin
    • 1
  1. 1.School of Business AdministrationUniversity of Wisconsin-MilwaukeeMilwaukeeUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4757-4254-1
  • Copyright Information Springer-Verlag New York 1990
  • Publisher Name Springer, New York, NY
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4757-4256-5
  • Online ISBN 978-1-4757-4254-1
  • Series Print ISSN 1431-0848
  • About this book