The (S−1,S) inventory model and its counterparts in queueing theory

Add time:09/05/2019    Source:sciencedirect.com

We explore the relationship between the (S−1,S) inventory model and three well-known queueing models: the Erlang loss system, the machine-repair model and a two-node Jackson network. Exploiting this relationship allows us to obtain key performance measures of the (S−1,S) model, like the so-called virtual outdating time, the number of items on the shelf in steady state, the long-run rate of unsatisfied demands and the distribution of the empty shelf period.

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