Operations Research, Systems Engineering and Industrial Engineering Commons^™

Queuing-Inventory Models With Map Demands And Random Replenishment Opportunities, Srinivas R. Chakravarthy, B. Madhu Rao

Industrial & Manufacturing Engineering Publications

Combining the study of queuing with inventory is very common and such systems are referred to as queuing-inventory systems in the literature. These systems occur naturally in practice and have been studied extensively in the literature. The inventory systems considered in the literature generally include (s, S)-type. However, in this paper we look at opportunistic-type inventory replenishment in which there is an independent point process that is used to model events that are called opportunistic for replenishing inventory. When an opportunity (to replenish) occurs, a probabilistic rule that depends on the inventory level is used to determine whether to avail …