Extension of a Bernoulli Demand Inventory Model

Pritibhushan Sinha
West Bengal, India

In this article a single-item, continuous monitoring (s, Q) inventory model with probabilistic demand following Bernoulli distribution and probabilistic lead time of order replenishment is considered. The model extends a Bernoulli demand inventory model, available in the literature. We allow a non-zero reordering inventory position. Some properties are shown for the model and a search method is given to find the optimal values of the policy parameters. A numerical experiment is done for the model and some observations are made.

Download Full Paper

This paper has been downloaded 847 times since published. The persistent DOI of this paper is DOI:10.31387/oscm060035.