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Regenerative Inventory Systems

Operating Characteristics and Optimization

  • Book
  • © 1990

Overview

Authors:
  1. İzzet Şahin

    1. School of Business Administration, University of Wisconsin-Milwaukee, Milwaukee, USA

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Part of the book series: Bilkent University Lecture Series (BILKENT)

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-x
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  2. Introduction

    • İzzet Şahin
    Pages 1-21

  3. Renewal Theory Background

    • İzzet Şahin
    Pages 23-53

  4. Operating Characteristics

    • İzzet Şahin
    Pages 55-78

  5. Optimality Conditions

    • İzzet Şahin
    Pages 79-94

  6. Optimal Policies and Approximations

    • İzzet Şahin
    Pages 95-127

  7. Extensions

    • İzzet Şahin
    Pages 129-145

  8. Back Matter

    Pages 147-175
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Keywords

About this book

This is a renewal-theoretic analysis of a class of single-item (s, S) inventory systems. Included, in a unified exposition, are both con­ tinuous and periodic review systems under fairly general random de­ mand processes. The monograph is complete in the sense that it starts from the derivation of the time dependent and stationary dis­ tributions of basic stochastic processes related to these systems and concludes with the construction and testing of simple, distribution­ free approximations for optimal control policies. However, it is rather incomplete as an account of single-item inventory systems in that it narrowly focuses on systems with full backlogging of unfilled demand and constant lead times, through what has come to be known as stationary analysis. The level is intermediate, and the style is informal. Some prior knowledge of probability theory and inventory control is assumed on the part of the reader. Given these, the monograph is self-contained. Extensive use is made ofrenewal-theoretic concepts and results; these are reviewed in Chapter 2.

Authors and Affiliations

  • School of Business Administration, University of Wisconsin-Milwaukee, Milwaukee, USA

    İzzet Şahin

Bibliographic Information

  • Book Title: Regenerative Inventory Systems

  • Book Subtitle: Operating Characteristics and Optimization

  • Authors: İzzet Şahin

  • Series Title: Bilkent University Lecture Series

  • DOI: https://doi.org/10.1007/978-1-4757-4254-1

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1990

  • Softcover ISBN: 978-1-4757-4256-5Published: 08 December 2012

  • eBook ISBN: 978-1-4757-4254-1Published: 09 March 2013

  • Series ISSN: 1431-0848

  • Edition Number: 1

  • Number of Pages: X, 175

  • Additional Information: Jointly published with Bilkent University, Turkey

  • Topics: Business Strategy/Leadership, Engineering, general

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