Evaluation and Optimization of Installation Base-Stock Policies in Supply Chains with Compound Poisson Demand

2008 ◽  
Vol 56 (2) ◽  
pp. 437-452 ◽  
Author(s):  
Yao Zhao
Keyword(s):  
Supply Chains ◽  
Base Stock ◽  
Compound Poisson ◽  
Poisson Demand ◽  
Base Stock Policies

scholarly journals Solution procedures for lost sales base-stock inventory systems with compound Poisson demand

2019 ◽  
Vol 209 ◽  
pp. 172-182 ◽  
Author(s):  
Chaaben Kouki ◽  
M. Zied Babai ◽  
Zied Jemai ◽  
Stefan Minner
Keyword(s):  
Inventory Systems ◽  
Base Stock ◽  
Lost Sales ◽  
Compound Poisson ◽  
Poisson Demand

Approximations for the single-product production-inventory problem with compound Poisson demand and service-level constraints

1984 ◽  
Vol 16 (2) ◽  
pp. 378-401 ◽  
Author(s):  
A. G. De kok ◽  
H. C. Tijms ◽  
F. A. Van der Duyn Schouten
Keyword(s):  
Poisson Process ◽  
Compound Poisson Process ◽  
Service Level ◽  
Inventory Level ◽  
Inventory Problem ◽  
Single Product ◽  
Compound Poisson ◽  
Poisson Demand ◽  
Production Inventory ◽  
Random Fluctuations

We consider a production-inventory problem in which the production rate can be continuously controlled in order to cope with random fluctuations in the demand. The demand process for a single product is a compound Poisson process. Excess demand is backlogged. Two production rates are available and the inventory level is continuously controlled by a switch-over rule characterized by two critical numbers. In accordance with common practice, we consider service measures such as the average number of stockouts per unit time and the fraction of demand to be met directly from stock on hand. The purpose of the paper is to derive practically useful approximations for the switch-over levels of the control rule such that a pre-specified value of the service level is achieved.

Sign in / Sign up

Export Citation Format

Share Document