Please use this identifier to cite or link to this item:
http://hdl.handle.net/10071/5693
Author(s): | Figueira, João Ferreira, Manuel Alberto M. |
Date: | 2004 |
Title: | A note on the evaluation of a storage system using an elementary renewal equation |
Pages: | 403-408 |
Event title: | 3rd International Conference Aplimat |
Reference: | Figueira, João, & Ferreira, M. A. M. (2004). A note on the evaluation of a storage system using an elementary renewal equation. 3rd International Conference Aplimat (pp. 403-408). Slovak University of Technology. http://hdl.handle.net/10071/5693 |
Keywords: | Renewal equation Stochastic inventory theory Present value function |
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. |
Peerreviewed: | Sim |
Access type: | Open Access |
Appears in Collections: | DM-CRI - Comunicações a conferências internacionais |
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