A stochastic inventory system with two modes of service and retrial of customers
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DOI: 10.1007/s12597-017-0322-9
Abstract: This paper analyses an inventory model with positive service time and retrial of customers. The customers arrive according to a Markovian Arrival Process with representation ($$D_{0} ,D_{1}$$D0,D1). The service times are assumed to be of… read more here.
Keywords: retrial customers; inventory system; stochastic inventory; service ... See more keywords
Parametric demand learning with limited price explorations in a backlog stochastic inventory system
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DOI: 10.1080/24725854.2018.1538594
Abstract: Abstract We study a multi-period stochastic inventory system with backlogs. Demand in each period is random and price sensitive, but the firm has little or no prior knowledge about the demand distribution and how each… read more here.
Keywords: price; inventory system; stochastic inventory; demand ... See more keywords