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Properties of Inventory Systems
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amount in inventory amount on hand analysis assume average amount average demand Chapter computations constant continuous units cost equation cost of carrying demand during leadtime density of demand deterministic system discrete probability distribution discrete units distribution of demand equation 12 expected total cost Figure find the optimal flow chart function given by equation given in Table Hence illustration inventory fluctuations inventory problem inventory system leadtime is zero Markov chain minimum expected total number of replenishments obtain optimal lot optimal order level optimal reorder point optimal scheduling period optimal solution order-level-lot-size system prescribed probabilistic order-level system probability density probability distribution quantity units replenishing cost result in equation reviewing period Section 3-1 subject to control system of Section system with leadtime Umax uniform unit carrying cost unit costs unit per week unit shortage cost values