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|Title:||A note on the evaluation of a storage system using an elementary renewal equation|
Ferreira, Manuel Alberto M.
Stochastic inventory theory
Present value function
|Publisher:||Slovak University of Technology|
|Abstract:||We consider a storage system where a stock of k units is replaced instantaneously, when needed. A Poisson type stochastic demand is admitted. It is verified that the expected present value function of the replenishment cost of the storage system satisfies a defective renewal equation for which an asymptotic expansion is proposed.|
|Appears in Collections:||DM-CRI - Comunicações a conferências internacionais|
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|Ferreira 2004 APLIMAT 3RD CONF 403-408.pdf||446.75 kB||Adobe PDF||View/Open|
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