A discrete time inventory system with postponed demands

  • Authors:
  • B. Sivakumar;R. Jayaraman;G. Arivarignan

  • Affiliations:
  • -;-;-

  • Venue:
  • Journal of Computational and Applied Mathematics
  • Year:
  • 2012

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Abstract

In this article, we consider a discrete-time inventory model in which demands arrive according to a discrete Markovian arrival process. The inventory is replenished according to an (s,S) policy and the lead time is assumed to follow a discrete phase-type distribution. The demands that occur during stock-out periods either enter a pool which has a finite capacity N(