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math.PR2025
Asymptotic Optimality of Projected Inventory Level Policies for Lost Sales Inventory Systems with Large Leadtime and Penalty Cost
Poulad Moradi, Joachim Arts, Melvin Drent
We study the canonical periodic review lost sales inventory system with positive leadtime and independent and identically distributed (i.i.d.) demand under the average cost criteri…
math.PR2021★ 2 cited
Projected Inventory Level Policies for Lost Sales Inventory Systems: Asymptotic Optimality in Two Regimes
Willem van Jaarsveld, Joachim Arts
We consider the canonical periodic review lost sales inventory system with positive lead-times and stochastic i.i.d. demand under the average cost criterion. We introduce a new pol…