Inventory Models with Forecasting and Dependent Demand

In general, the single-product inventory model in which demands in successive periods are not independent is difficult to treat. This paper defines a large class of such problems, when there is a positive lead time for delivery, which can be treated by the classical formulation with a single state variable. All results which hold for inventory models with a constant delivery lag can be shown to hold also for this model. An application is made to a system in which demands are generated by part failure and in which a portion of these failures are repaired after a given (constant or probabilistic) time.

• 저널Management Science · 17(7) · 498–499
• 토픽Supply Chain and Inventory Management · Management Information Systems
• DOI10.1287/mnsc.17.7.498
• 저자George F. Brown, Richmond M. Lloyd, Timothy M. Corcoran