A note on the evaluation of a storage system using an elementary renewal equation
João Figueira, Manuel Ferreira · Repositório do ISCTE-IUL · 2004
We consider a storage system where a stock of k units is replaced instantaneously, when needed. A Poisson type stochastic demand is admitted. It is verified that the expected present value function of the replenishment cost of the storage system satisfies a defective renewal equation for which an asymptotic expansion is proposed.