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The performance analysis of a general production–inventory control system under uncertain demand is presented. In the model, the production order releases are determined based on the information feedback on the forecasted demand, work-in-process discrepancy and inventory discrepancy. Stability conditions are obtained in terms of the control parameters that(More)
This paper analyzes the ability of the general production-inventory replenishment policy to maintain desired level of service. Key control parameters that affect stability of the replenishment policy are the fractional rates of adjustments of discrepancies in WIP and inventory. The effect of these control parameters on the service level (order fill rate) of(More)
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