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.

Econometric Institute Research Papers
Erasmus School of Economics

Frenk, H., & Kleijn, M. (1997). On regenerative processes and inventory control (No. EI 9741/A). Econometric Institute Research Papers. Retrieved from