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
If a customer is lost if stock on hand is zero, when the customer arrives.
What is the maximum possible number of outstanding orders?
If a customer is backordered if stock on hand is zero, when the customer arrives.
What is the maximum possible number of outstanding orders?
If a customer is lost if stock on hand is zero, when the customer arrives.
Given that PiPILi is known for all i
what is the average number of lost customers per unit of time?
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