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Publication Detailed Description
Replenishment Cost of a Storage System Modelled through a Defective Renewal Equation
Document Title
arXiv:2110.01987
Year (definitive publication)
2021
Language
English
Country
United States of America
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Abstract
A storage system where a k units stock is replaced instantaneously, when required,is presented in this work. It is also supposed a Poisson demand. It is proved that the storage system replenishment cost expected present value function fulfills a defective renewal equation, being proposed for it an asymptotic expression.
Acknowledgements
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Keywords
Stochastic inventory theory,present value function,renewal equation.
Fields of Science and Technology Classification
- Mathematics - Natural Sciences
- Economics and Business - Social Sciences
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