Analysis of a deterministic demand production/inventory system under nonstationary supply uncertainty
IIE Transactions (Institute of Industrial Engineers), cilt.29, sa.8, ss.703-709, 1997 (SCI-Expanded, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 29 Sayı: 8
- Basım Tarihi: 1997
- Doi Numarası: 10.1080/07408179708966380
- Dergi Adı: IIE Transactions (Institute of Industrial Engineers)
- Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
- Sayfa Sayıları: ss.703-709
- Boğaziçi Üniversitesi Adresli: Hayır
Özet
In this article we investigate a periodic review inventory model under deterministic dynamic demand and supply unavailability. In a given period, supply is either available or completely unavailable with given probabilities. Supply unavailability probabilities are nonstationary over time. We show the optimality of an order-up-to level policy, and obtain a newsboy-like formula that determines the optimal order-up-to levels. Our formula would provide guidence as to the appropriate amount of inventory to stock in the face of uncertainties in the supply process. © 1997 Taylor & Francis Group, LLC.