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https://hdl.handle.net/20.500.14365/1358| Title: | An embedded Markov chain approach to stock rationing | Authors: | Fadiloglu, Mehmet Murat Bulut, Onder |
Keywords: | Inventory models Rationing Embedded Markov chains Demand Classes Inventory Model Lost Sales Policy |
Publisher: | Elsevier Science Bv | Abstract: | We propose a new method for the analysis of lot-per-lot inventory systems with backorders under rationing. We introduce an embedded Markov chain that approximates the state-transition probabilities. We provide a recursive procedure for generating these probabilities and obtain the steady-state distribution. (C) 2010 Elsevier B.V. All rights reserved. | URI: | https://doi.org/10.1016/j.orl.2010.08.004 https://hdl.handle.net/20.500.14365/1358 |
ISSN: | 0167-6377 |
| Appears in Collections: | Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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| 396.pdf Restricted Access | 718.78 kB | Adobe PDF | View/Open Request a copy |
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