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Title: A note on the evaluation of a storage system using an elementary renewal equation
Authors: Figueira, João
Ferreira, Manuel Alberto M.
Keywords: Renewal equation
Stochastic inventory theory
Present value function
Issue Date: 2004
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.
Peer reviewed: Sim
Appears in Collections:DM-CRI - Comunicações a conferências internacionais

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