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Promet - Traffic&Transportation journal

Accelerating Discoveries in Traffic Science

Accelerating Discoveries in Traffic Science

A Generalised Stock-Out Function for Continuous Production Variables

Authors:Ou Tang

Abstract

This paper follows up a previous study for optimising a production-inventory system when external demand is stochastic.A modified stock-out function is presented to cover more generalsituation when cumulative production may be a continuousvariable. Optimisation equations are further investigated,including the sufficient conditions for optimisation.

Keywords:stock-out function, stochastic demand, inventory

References

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