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Stationary Operating Characteristics of s S Models
Control of s S Policy Decisions
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action aggregate control Algorithm amount of inventory analysis approach approximation assume assumption average backlog model barometer control calculated Cfix Cflx Chapter computed consistent control control device control period control problems control scheme control system cost Cout defined delivery lag demand distributions derived discussion economic parameters employed evaluation example expected value function gamma distribution geometric distribution illustrate inconsistent index number inventory on hand inventory policies inventory review periods inventory system lower management Markov chain mathematical mean and variance Monte Carlo simulation negative binomial distribution no-backlog model normal distribution number of periods observed occurs Poisson distribution possible Prob probability distribution purchase px(s px(x quota control quota scheme real situations recommended policies replenishment sampled Section Sequence shortages specified stationary distributions stationary equation stationary probabilities statistical stockage policies sufficient statistic Table tion top management transition matrix utility Var(control number variables violations yields