Hayya, Jack C.; Harrison, Terry P.; Chatfield, Dean C. - In: International Journal of Production Economics 122 (2009) 2, pp. 595-605
We consider the reorder point, order quantity inventory model where the demand, D, and the lead time, L, are independently and identically distributed (iid) random variables. This model is analytically intractable because of order crossover. However, we show how to resolve the intractability by...