Stochastic Order Level Inventory System with Dependent Lead Times

제품인도기간에 함수인 확률적 주문수준 재고정책에 관한 연구

This paper deals with probabilistic order level inventory system which the quantity ordered at the end of the scheduling period is dependent on lead times. To find an optimal solution, pearson system of distributions is used to approximate the probability density function of the on-order quantity. An example is solved and sensitivity analysis is performed to examine the relation between lead times and the ordering quantity.