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A Note on a Bernoulli Demand Inventory Model

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dc.contributor.author Sinha, Pritibhushan
dc.date.accessioned 2015-04-23T09:26:54Z
dc.date.available 2015-04-23T09:26:54Z
dc.date.issued 2008-01
dc.identifier.uri http://hdl.handle.net/2259/459
dc.description.abstract In this paper we present a single-item, continuous monitoring inventory model with probabilistic demand forthe item and probabilistic lead time of order replenishment. It is assumed that demand follows Bernoullidistribution and an order is placed after stock becomes zero. The model is amenable to exact analysis and theoptimal order quantity has a closed-form solution. Also, it is shown that this solution is the basicdeterministic economic order quantity formula applied with average demand rate, if it is further assumed thatthe lead time is zero. Cost of an optimal solution of the model may be used as an upper bound for the same ofsome other more general policies. en_US
dc.language.iso en en_US
dc.publisher Decision en_US
dc.subject Bernoulli Distribution, en_US
dc.subject Inventory Model en_US
dc.title A Note on a Bernoulli Demand Inventory Model en_US
dc.type Article en_US


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  • Journal Articles [25]
    This collection consists of published and unpublished scholarly articles of IIMK Community.

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