Abstract:The paper deals with a continuous review bulk demand (positive-integer valued) ( s, S) inventory system where the interarrival times of demands are independent and identically distributed random variables. We assume that the successive quantities demallded lie between a and b (0< a⩽ b; s- b+l⩾0) with pk, k= a, a+l, ... , b-1, b as the probability that k items are demanded by an arriving unit. The maximum capacity of the system is S units and as soon as the inventory level falls to the set A= { s- b + 1, s- … Show more
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