A bi-modal inventory study with random lead times
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Author
Contributions
- Naval Postgraduate School (U.S.) - Contributor
Publication
1973 - Naval Postgraduate School, Monterey, California, California
Language
English
Word Count
5,500 words, Guess
Page Count
22 pages
Identifiers
- Internet Archivebimodalinventory00wash
- OCLC Control Number436444970
- Open LibraryOL33116025M
Description
A single-product continuous review inventory problem is formulated and solved. The chief virtue of the formulation is that the probability distribution of lead times is general. It is found that the optimal order size differs from the Wilson EOQ when holding costs or deterioration rate (both are lumped into a single discount rate) are large, and that it may even be a non-unique quantity. The second (fast) shipment mode enters in the same manner as a stockout cost. (Author)
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