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Some Stochastic Inventory Models for Rental Situations

1964; Institute for Operations Research and the Management Sciences; Volume: 11; Issue: 2 Linguagem: Inglês

10.1287/mnsc.11.2.316

1526-5501

M. Tainiter,

Supply Chain and Inventory Management

Some stochastic models are analyzed which describe the time fluctuations of the inventory levels of companies which are in the rental business. The stochastic process which describes the fluctuations is shown to be applicable to a wide variety of physical situations. Examples are given, and analyses are made of several types of profit functions which are applicable to rental situations.