search query: @author Parlar, M. / total: 7
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| Author: | Parlar, M. |
| Title: | Continuous-review inventory problem with random supply interruptions |
| Journal: | European Journal of Operational Research
1997 : JUN, VOL. 99:2, p. 366-385 |
| Index terms: | OPERATIONAL RESEARCH INVENTORY CONTROL ECONOMICS |
| Language: | eng |
| Abstract: | This paper considers a continuous-review stochastic inventory problem with random demand and random lead-time where supply may be disrupted due to machine breakdowns, strikes or other randomly occurring events. The supplier availability is modelled as a semi-Markov process (more specifically, as an alternating renewal process). The standard (q,r) policy is used when the supplier is available (ON),i.e., when the inventory position reaches the reorder point r, q units are ordered to raise the inventory position to the target level of R=q+r. |
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