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Unit time demand rate - PowerPoint PPT Presentation

The ( Q , r ) Model

The ( Q , r ) Model. Assumptions. Demand occurs continuously over time Times between consecutive orders are stochastic but independent and identically distributed ( i.i.d. ) Inventory is reviewed continuously Supply leadtime is a fixed constant L

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777 views • 36 slides

The Base Stock Model

The Base Stock Model. Assumptions. Demand occurs continuously over time Times between consecutive orders are stochastic but independent and identically distributed ( i.i.d. ) Inventory is reviewed continuously Supply leadtime is a fixed constant L

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209 views • 20 slides

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Unit time demand rate - PowerPoint PPT Presentation

The ( Q , r ) Model

The Base Stock Model