Question: If one have a continuous review ( S 1 , S ) inventory system with constant lead time and Poisson demand with arrival rate
If one have a continuous review SS inventory system
with constant lead time
and Poisson demand with arrival rate lambda
Assume that a customer is lost if stock on hand is zero when the customer arrives at the inventory. Then, what is the maximum number of outstanding orders?
Assume that a customer is backordered if stock on hand is zero when the customer arrives. Then, what is the maximum number of outstanding orders?
Assume again that a customer is lost if stock on hand is zero when the customer arrives at the inventory. Given that Pi PIL i is known for all i what is the average number of lost customers per unit of time?
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