Markov-modulated poisson processes for multi-location inventory problems
Markov-modulated poisson processes for multi-location inventory problems
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.
queueing theory, markov-modulated poisson process, inventory system
217-223
Ching, Wai Ki
cfee9d26-97e3-42ce-a4e9-b91e6d8aeef7
1997
Ching, Wai Ki
cfee9d26-97e3-42ce-a4e9-b91e6d8aeef7
Ching, Wai Ki
(1997)
Markov-modulated poisson processes for multi-location inventory problems.
International Journal of Production Economics, 53 (2), .
(doi:10.1016/S0925-5273(97)00114-X).
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.
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Published date: 1997
Keywords:
queueing theory, markov-modulated poisson process, inventory system
Organisations:
Operational Research
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Local EPrints ID: 29740
URI: http://eprints.soton.ac.uk/id/eprint/29740
ISSN: 0925-5273
PURE UUID: bceb2799-561b-46c3-a20e-a1f262c0b136
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Date deposited: 01 May 2007
Last modified: 15 Mar 2024 07:34
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Author:
Wai Ki Ching
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