An infinite horizon inventory model with periodic order commitment

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	An infinite horizon inventory model with periodic order commitment
	Cheung, KL ; Yuan, XM
	2003-04-01
发表期刊	EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
ISSN	0377-2217
卷号	146 期号:1 页码:52-66
摘要	This paper studies an infinite horizon inventory model of a buyer with a periodic order commitment. The commitment requires the buyer to purchase at least a certain fixed amount on a periodic basis. There is no extra adjustment cost should the buyer decide to order more than the basic amount. We consider general discrete demand distributions. We formulate a Markov chain to represent the behavior of the inventory system. Stimulated by the solution approach to the classical GI/M/1 queue, we derive the steady-state results and obtain the exact closed-form cost function. Numerical examples are provided. (C) 2002 Elsevier Science B.V. All rights reserved.
关键词	inventory model infinite horizon Markov chain GI/M/1 queue
语种	英语
WOS研究方向	Business & Economics ; Operations Research & Management Science
WOS类目	Management ; Operations Research & Management Science
WOS记录号	WOS:000180346000004
出版者	ELSEVIER SCIENCE BV
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/18308
专题	中国科学院数学与系统科学研究院
通讯作者	Cheung, KL
作者单位	1.Hong Kong Univ Sci & Technol, Dept Informat & Syst Management, Kowloon, Hong Kong, Peoples R China 2.Chinese Acad Sci, Inst Appl Math, Beijing 100080, Peoples R China
推荐引用方式 GB/T 7714	Cheung, KL,Yuan, XM. An infinite horizon inventory model with periodic order commitment[J]. EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,2003,146(1):52-66.
APA	Cheung, KL,&Yuan, XM.(2003).An infinite horizon inventory model with periodic order commitment.EUROPEAN JOURNAL OF OPERATIONAL RESEARCH,146(1),52-66.
MLA	Cheung, KL,et al."An infinite horizon inventory model with periodic order commitment".EUROPEAN JOURNAL OF OPERATIONAL RESEARCH 146.1(2003):52-66.