On regenerative processes and inventory control
January 1997
Research Paper
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In this paper we discuss a general framework for single item inventory control models. This framework is based on the regenerative structure of these models. Using results from the theory of regenerative processes a unified presentation of those models is presented. Although most of the results are already known for special cost structures this unified presentation yields us the possibility to show that the same techniques can be applied to each instance.
Keywords
Automatically Extracted Terms
- process
- inventory
- t 0 g
- function
- demand
- model
- demand process
- regenerative
- result
- levy process
- compound renewal process
- c dl g
- theorem
- regenerative process
- distribution
- renewal
- regenerative processes
- compound
- level
- service level constraint
