Journal article
A Discrete Time Geometric Queue Attached to an Inventory under a (0, Q)
Policy
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Publication Details Author list: Sivasamy Ramasamy, Hosia-Setlhare Keamogetse, Molefe Wilford, Olebogeng Mokgware Publication year: 2023 Journal: International Journal of Membrane Science and Technology Volume number: 10 Issue number: 2 Start page: 3439 End page: 3449 Number of pages: 11 |
This paper describes how a threshold policy, or TP = [(0, Q), 1]-based inventory management, economically offers customers a single product with a discrete time geometric queue attached to a Geo/Geo/1 service base. The order for Q units starts when inventory I(t) at time ’t’ drops to the level ’0’, and the length of the queueing process X(t) is at least one. We focus on the process Z(t) = (X(t), I(t)), t ∈ [0, ∞). We then analyse the steady state probabilities and then provides a numerical study for graphing the economic order quantity.
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