Make-to-stock systems with backorders: IPA gradients

@article{Zhao2004MaketostockSW,
  title={Make-to-stock systems with backorders: IPA gradients},
  author={Yao Zhao and Benjamin Melamed},
  journal={Proceedings of the 2004 Winter Simulation Conference, 2004.},
  year={2004},
  volume={1},
  pages={-567}
}
We consider single-stage, single-product Make-to-Stock systems with random demand and random service (production) rate, where demand shortages at the inventory facility are backordered. The Make-to-Stock system is modeled as a stochastic fluid model (SFM), in which the traditional discrete arrival, service and departure stochastic processes are replaced by corresponding stochastic fluid-flow rate processes. IPA (Infinitesimal Perturbation Analysis) gradients of various performance metrics are… CONTINUE READING

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