Base Stock Inventory Systems with Compound Poisson Demand: Case of Partial Lost Sales - Advances in Production Management Systems: Competitive Manufacturing for Innovative Products and Services - Part II Access content directly
Conference Papers Year : 2013

Base Stock Inventory Systems with Compound Poisson Demand: Case of Partial Lost Sales

M. Zied Babai
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Ziad Jemai
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Yves Dallery

Abstract

In this paper we extend earlier work that analyzes a single echelon single item base-stock inventory system where Demand is modeled as a compound Poisson process and the lead-time is stochastic. The extension consists in considering a cost oriented system where unfilled demands are lost. The case of partial lost sales is assumed. We first model the inventory system as a Makovian M/G/( queue then we propose a method to calculate numerically the optimal base-stock level. A preliminary numerical investigation is also conducted to show the performance of our solution.
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hal-01470686 , version 1 (17-02-2017)

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M. Zied Babai, Ziad Jemai, Yves Dallery. Base Stock Inventory Systems with Compound Poisson Demand: Case of Partial Lost Sales. 19th Advances in Production Management Systems (APMS), Sep 2012, Rhodes, Greece. pp.693-698, ⟨10.1007/978-3-642-40361-3_88⟩. ⟨hal-01470686⟩
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