Corpus ID: 15055814

INVENTORY MANAGEMENT IN A ( Q , r ) INVENTORY MODEL WITH TWO DEMAND CLASSES AND FLEXIBLE DELIVERY

@inproceedings{Huang2010INVENTORYMI,
  title={INVENTORY MANAGEMENT IN A ( Q , r ) INVENTORY MODEL WITH TWO DEMAND CLASSES AND FLEXIBLE DELIVERY},
  author={S. Huang and B. Liao and D. Robb},
  year={2010}
}
  • S. Huang, B. Liao, D. Robb
  • Published 2010
  • This paper considers a single-product inventory system that serves both online and traditional customers. Demands from both channels follow independent stationary Poisson processes. Traditional customers have their demands fulfilled upon arrival if the retailer has stock on hand; otherwise the demand is lost. However, online customers place their orders in advance, and delivery is flexible in the sense that early shipment is allowed. In particular, an online order placed at time t should be… CONTINUE READING
    3 Citations

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