Rao, Uday S. - In: Manufacturing & Service Operations Management 5 (2003) 1, pp. 37-53
This paper compares the commonly used periodic review, replenishment interval, order-up-to (R, T ) policy to the continuous review, reorder point, order quantity, (Q, r) model. We show that long-run average cost function for the single-product (R, T ) policy has a structure similar to that of...