Stochastic inventory model with controllable lead time. (English) Zbl 0755.90023
The authors consider a single-period inventory model with a Poisson distributed demand and a controllable order leadtime. Standard methods are used to determine the minimal expected total cost and the optimal re- order level.
Reviewer: K.-H.Waldmann (Karlsruhe)
MSC:
90B05 | Inventory, storage, reservoirs |