The (s-1,s) Inventory Policy Under Compound Poisson Demand: A Theory of Recoverable Item Stockage

The (s-1,s) Inventory Policy Under Compound Poisson Demand: A Theory of Recoverable Item Stockage

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This report presents a mathematical foundation for a new approach to setting stock levels on recoverable items; namely, to calculate by item the steady state probabilities for the number of units in resupply (or repair).