MARKOV-MODULATED POISSON PROCESSES FOR MULTILOCATION INVENTORY PROBLEMS

Authors
Citation
Wk. Ching, MARKOV-MODULATED POISSON PROCESSES FOR MULTILOCATION INVENTORY PROBLEMS, International journal of production economics, 53(2), 1997, pp. 217-223
Citations number
13
ISSN journal
09255273
Volume
53
Issue
2
Year of publication
1997
Pages
217 - 223
Database
ISI
SICI code
0925-5273(1997)53:2<217:MPPFMI>2.0.ZU;2-H
Abstract
In this paper we consider inventory systems of multi-location. It is c ommon to allow emergency lateral transshipments from local locations t o the main depot. Here we propose a new model for the inventory system of consumable items. The inventory system of each location and the ma in 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.