Optimal Policies for Production/Inventory Systems with Finite Capacity and Markov-Modulated Demand and Supply Processes

2004 ◽  
Vol 126 (1-4) ◽  
pp. 21-41 ◽  
Author(s):  
Guillermo Gallego ◽  
Haichao Hu
Keyword(s):  
Inventory Systems ◽  
Finite Capacity ◽  
Demand And Supply ◽  
Production Inventory ◽  
Optimal Policies ◽  
Markov Modulated

An approach to determine optimal policies for production—inventory systems†

1971 ◽  
Vol 14 (2) ◽  
pp. 341-351 ◽  
Author(s):  
C. L. HENDRICKS ◽  
A. J. KOIVO ◽  
S. J. CITRON
Keyword(s):  
Inventory Systems ◽  
Production Inventory ◽  
Optimal Policies

DECOMPOSITION PROPERTY FOR MARKOV-MODULATED QUEUES WITH APPLICATIONS TO WARRANTY MANAGEMENT

2009 ◽  
Vol 23 (3) ◽  
pp. 433-447 ◽  
Author(s):  
Nan Liu ◽  
Vidyadhar G. Kulkarni
Keyword(s):  
Equilibrium State ◽  
Inventory Management ◽  
Inventory Systems ◽  
Management Model ◽  
Decomposition Property ◽  
Queuing Models ◽  
Production Inventory ◽  
Two Systems ◽  
Markov Modulated ◽  
Warranty Management

In this article we study Markov-modulated queues with and without jumps. These queuing models arise naturally in production-inventory systems with and without an external supplier. We show an interesting decomposition property that relates the equilibrium state distributions in these two systems and present an integrated warranty-inventory management model as an application.

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