Browsing by Author "Fadiloglu, Mehmet Murat"

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    An embedded Markov chain approach to stock rationing
    (ELSEVIER SCIENCE BV, 2010) Mehmet Murat Fadiloglu; Onder Bulut; Fadiloglu, Mehmet Murat; Bulut, Onder
    We propose a new method for the analysis of lot-per-lot inventory systems with backorders under rationing. We introduce an embedded Markov chain that approximates the state-transition probabilities. We provide a recursive procedure for generating these probabilities and obtain the steady-state distribution. (C) 2010 Elsevier B.V. All rights reserved.