Markov-modulated poisson processes for multi-location inventory problems


Ching, Wai Ki (1997) Markov-modulated poisson processes for multi-location inventory problems. International Journal of Production Economics, 53, (2), 217-223. (doi:10.1016/S0925-5273(97)00114-X).

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Description/Abstract

In this paper we consider inventory systems of multi-location. It is common to allow emergency lateral transshipments from local locations to the main depot. Here we propose a new model for the inventory system of consumable items. The inventory system of each location and the main depot is modeled by Markovian queueing networks. The transshipments are modeled by the Markov-Modulated Poisson Process (MMPP) which is a generalization of the Poisson process.

Item Type: Article
ISSNs: 0925-5273 (print)
Related URLs:
Keywords: queueing theory, markov-modulated poisson process, inventory system
Subjects: T Technology > TS Manufactures
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Q Science > QA Mathematics
Divisions: University Structure - Pre August 2011 > School of Mathematics > Operational Research
ePrint ID: 29740
Date Deposited: 01 May 2007
Last Modified: 27 Mar 2014 18:18
URI: http://eprints.soton.ac.uk/id/eprint/29740

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