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A make-to-stock mountain-type inventory model
Journal article

A make-to-stock mountain-type inventory model

Abstract

We consider the buffer content of a fluid queue or storage process. The buffer content varies in a way that depends on the state of an underlying three-state Markov process. In state 0 the buffer content increases at a rate α(x) that is a function of the current buffer level x; in states 1 and 2 it decreases linearly, with different speeds. We study the steady-state buffer content, by using level crossing theory and by exploiting relations between the fluid queue and queues with instantaneous input and/or output.

Authors

Boxma OJ; Parlar M; Perry D

Journal

Annals of Operations Research, Vol. 231, No. 1, pp. 65–77

Publisher

Springer Nature

Publication Date

August 2, 2015

DOI

10.1007/s10479-013-1370-z

ISSN

0254-5330

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