Journal of Applied Mathematics and Stochastic Analysis
Volume 2006 (2006), Article ID 69068, 13 pages
doi:10.1155/JAMSA/2006/69068
Abstract
We deviate from the Berman et al. models in inventory
with positive service time. We establish a necessary and sufficient condition for system stability. Several performance measures are computed. An optimisation problem is discussed. Our analysis suggests that it is optimal to place the replenishment order when the inventory level is positive (even in the zero lead time case). Numerical illustrations are provided.