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Inventory Management System with On/Off Control of Output Product Flow

  • Anatoly Nazarov
  • Valentina BronerEmail author
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10684)

Abstract

The paper contains research of the inventory management model with On/Off control. We study mathematical model of inventory management system under following conditions: the rate of input product flow is a constant, the random part of demand is modeled as Poisson process with a piecewise-constant intensity. Firstly, some property of stationary probability density function of inventory level accumulated in system is developed. Then explicit expression for a stationary distribution of the inventory level is obtained for Phase-type distributions of purchase values of demands. For case arbitrary distribution of demands purchases values Fourier transform of the stationary probability density function is determined. Finally, the obtained results are discussed with illustrative numerical examples.

Keywords

Mathematical model Inventory management On/Off control PH-distribution Arbitrary distribution 

Notes

Acknowledgments

The publication was financially supported by the Ministry of Education and Science of the Russian Federation (the Agreement number 02.a03.21.0008).

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Tomsk State UniversityTomskRussian Federation
  2. 2.Peoples’ Friendship University of Russia (RUDN University)MoscowRussian Federation

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