Please use this identifier to cite or link to this item: 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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