Sensitivity analysis of an (s,S) inventory model

被引:16
作者
Chen, FR
Zheng, YS
机构
[1] Columbia Univ, Grad Sch Business, New York, NY 10027 USA
[2] Univ Penn, Wharton Sch, Philadelphia, PA 19104 USA
关键词
inventory/production; sensitivity analysis; stochastic; operating characteristics;
D O I
10.1016/S0167-6377(97)00019-9
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
We provide a sensitivity analysis of the standard periodic-review (s,S) inventory model. Under the assumption that the demand in each period is exponentially distributed, we show that the average cost of the (s,S) model is quite insensitive to the choice of D = S - s. Therefore we have extended similar sensitivity results for the (r,Q) model and the EOQ model to a special (s,S) model. Our sensitivity result also holds for the continuous-time (s,S) model if the demand is compound Poisson with exponential demand sizes. (C) 1997 Elsevier Science B.V.
引用
收藏
页码:19 / 23
页数:5
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