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


This monograph is about a class of single-item (s, S) inventory systems that can be investigated through renewal theory. These systems are characterized by: 1) independent, identically distributed (i.i.d.) batch sizes (quantities demanded) separated by i.i.d. interdemand times, 2) full backlogging of unfilled demand, and 3) a constant procurement lead time. The first two representations give rise to a simple regenerative structure, and the constant rather than random lead times result in additional simplifications. Included are both continuous review and periodic review systems, with the latter being treated as a special case of the former.


Lead Time Optimal Policy Shortage Cost Inventory Position Lead Time Demand 
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Copyright information

© Springer Science+Business Media New York 1990

Authors and Affiliations

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

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