We study inventory systems with two demand classes (critical and non-critical), Poisson demand and backordering. We analyze dynamic rationing strategies where the number of items reserved for critical demand depends on the remaining time until the next order arrives. Different from results in the literature, we do not discretize demand but derive a set of formulae that determine the optimal rationing level for any possible value of the remaining time. Moreover, we show that the cost parameters can be captured in a single relevant dimension, which allows us to present the optimal rationing levels in charts and lookup tables that are easy to implement. Numerical examples illustrate that the optimal dynamic rationing strategy outperforms all s...
Whenever demand for a single item can be categorized into classes of different priority, an inventor...
This paper considers inventory systems which maintain stock to meet various demand classes with diff...
Stock rationing is an inventory policy that allows differential treatment of customer classes withou...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
This paper considers the stock rationing problem of a single-item, make-to-stock production system w...
For systems with two customer classes and backordering, the formulae for the optimal dynamic critica...
Dynamic inventory rationing is considered for systems with multiple demand classes, stationary stoch...
Dynamic inventory rationing is considered for systems with multiple demand classes, stationary stoch...
We study the rationing policy in an inventory system with two demand classes and different service c...
We consider a single-product inventory system that serves multiple demand classes, which differ in t...
textabstractWhenever demand for a single item can be categorized into classes of different priority,...
Stock rationing is an inventory policy that allows differential treatment of customer classes withou...
Whenever demand for a single item can be categorized into classes of different priority, an inventor...
This paper considers inventory systems which maintain stock to meet various demand classes with diff...
Stock rationing is an inventory policy that allows differential treatment of customer classes withou...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
We study inventory systems with two demand classes (critical and non-critical), Poisson demand and b...
This paper considers the stock rationing problem of a single-item, make-to-stock production system w...
For systems with two customer classes and backordering, the formulae for the optimal dynamic critica...
Dynamic inventory rationing is considered for systems with multiple demand classes, stationary stoch...
Dynamic inventory rationing is considered for systems with multiple demand classes, stationary stoch...
We study the rationing policy in an inventory system with two demand classes and different service c...
We consider a single-product inventory system that serves multiple demand classes, which differ in t...
textabstractWhenever demand for a single item can be categorized into classes of different priority,...
Stock rationing is an inventory policy that allows differential treatment of customer classes withou...
Whenever demand for a single item can be categorized into classes of different priority, an inventor...
This paper considers inventory systems which maintain stock to meet various demand classes with diff...
Stock rationing is an inventory policy that allows differential treatment of customer classes withou...