An (s,S)-inventory system with exponentially distributed lead times
Ben B. van der Genugten · Data Archiving and Networked Services (DANS) · 1974
The paper discusses an inventory model with a sinqle product and a single stocking point.The demands are independent random variables with common distribution F. The times between demands are independent random variables with common distribution G.Excess of demand is backlogged.An (s,S)-ordering policy is followed.The lead times of orders are independent random variables with common distribution H.For arbitrary F, exponential G and H the limit distributions are derived for the stock on hand, the number of outstanding orders and the delivery time of the inventory system.