Johansen, Søren Glud; Thorstenson, Anders - Ehrvervøkonomisk Institut, Institut for Økonomi - 2004
We study the continuous-review (r; q) system in which un_lled demands are treated as lost sales. The reorder point r is allowed to be equal to or larger than the order quantity q. Hence, we do not restrict our attention to the well-known case with at most one replenishment order outstanding, but...