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Technical Note—Average Costs in a Continuous Review ( s , S ) Inventory System with Exponentially Distributed Lead Time

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  • J. Wijngaard

    (University of Technology, Eindhoven, The Netherlands)

  • E. G. F. Van Winkel

    (University of Technology, Eindhoven, The Netherlands)

Abstract

We describe a very elementary direct numerical method to find the average number of backorders, costs and related quantities in a continuous review ( s , S ) inventory system with exponentially distributed lead time. This method can also be used in the study of E / M / C queues with state-dependent service and arrival rates.

Suggested Citation

  • J. Wijngaard & E. G. F. Van Winkel, 1979. "Technical Note—Average Costs in a Continuous Review ( s , S ) Inventory System with Exponentially Distributed Lead Time," Operations Research, INFORMS, vol. 27(2), pages 396-401, April.
    • Handle: RePEc:inm:oropre:v:27:y:1979:i:2:p:396-401
    DOI: 10.1287/opre.27.2.396
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