An embedded Markov chain approach to stock rationing under batch orders
| dc.contributor.author | Mehmet Murat Fadiloglu | |
| dc.contributor.author | Önder Bulut | |
| dc.date.accessioned | 2025-10-06T17:51:25Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | We provide an extension to the embedded Markov chain approach of Fadiloglu and Bulut (2010) for the analysis of lot-per-lot inventory systems with backorders under rationing. This extension generalizes the method so that it can be used for the analysis under (QR) policy. We introduce a new embedded Markov chain of higher dimensionality that keeps track of the ordering process. We finally provide a recursive procedure to generate the steady-state probabilities from the chain and obtain the steady-state distribution. © 2019 Elsevier B.V. All rights reserved. | |
| dc.identifier.doi | 10.1016/j.orl.2018.12.007 | |
| dc.identifier.issn | 01676377 | |
| dc.identifier.issn | 0167-6377 | |
| dc.identifier.uri | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85060349776&doi=10.1016%2Fj.orl.2018.12.007&partnerID=40&md5=8fdff85893b12269e7824b954d60cd45 | |
| dc.identifier.uri | https://gcris.yasar.edu.tr/handle/123456789/9434 | |
| dc.language.iso | English | |
| dc.publisher | Elsevier B.V. | |
| dc.relation.ispartof | Operations Research Letters | |
| dc.source | Operations Research Letters | |
| dc.subject | Batch Orders, Embedded Markov Chains, Inventory Models, Rationing, Embedded Systems, Inventory Control, Probability Distributions, Batch Orders, Embedded Markov Chain, Inventory Models, Inventory Systems, Rationing, Recursive Procedure, Steady State Probabilities, Steady-state Distributions, Markov Processes | |
| dc.subject | Embedded systems, Inventory control, Probability distributions, Batch orders, Embedded Markov chain, Inventory models, Inventory systems, Rationing, Recursive procedure, Steady state probabilities, Steady-state distributions, Markov processes | |
| dc.title | An embedded Markov chain approach to stock rationing under batch orders | |
| dc.type | Article | |
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| gdc.description.startpage | 92 | |
| gdc.description.volume | 47 | |
| gdc.identifier.openalex | W2908811690 | |
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| gdc.oaire.keywords | inventory models | |
| gdc.oaire.keywords | rationing | |
| gdc.oaire.keywords | Inventory, storage, reservoirs | |
| gdc.oaire.keywords | batch orders | |
| gdc.oaire.keywords | embedded Markov chains | |
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| person.identifier.scopus-author-id | Fadiloglu- Mehmet Murat (6602212401), Bulut- Önder (35168573500) | |
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| publicationvolume.volumeNumber | 47 | |
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