Analysis of a deterministic demand production/inventory system under nonstationary supply uncertainty

Date

1997-08-01

Author

Gullu, R
Onol, E
Erkip, N

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In this article we investigate a periodic review inventory model under deterministic dynamic demand and supply unavailability. In a given period, supply is either available or completely unavailable with given probabilities. Supply unavailability probabilities are nonstationary over time. We show the optimality of an order-up-to level policy, and obtain a newsboy-like formula that determines the optimal order-up-to levels. Our formula would provide guidence as to the appropriate amount of inventory to stock in the face of uncertainties in the supply process.

Subject Keywords

Industrial and Manufacturing Engineering

URI

https://hdl.handle.net/11511/66933

Journal

IIE TRANSACTIONS

DOI

https://doi.org/10.1080/07408179708966380

Collections

Department of Industrial Engineering, Article

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Citation Formats

R. Gullu, E. Onol, and N. Erkip, “Analysis of a deterministic demand production/inventory system under nonstationary supply uncertainty,” IIE TRANSACTIONS, pp. 703–709, 1997, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/66933.