Excess Inventory with Stochastic Demand: Continuous Reporting Model
研究在随机需求下，如何确定允许的最大过剩库存水平，通过最大化净收益函数来决策是否报废，并考虑了缺货成本和泊松需求。
In this paper we consider the problem of finding the greatest level of excess inventory to be allowed and not scrapped. If excess items are not scrapped, then they are eliminated by natural attrition. The procedure used in finding the maximum excess inventory to be allowed is to maximize the function: net benefits = immediate scrap revenues - present value of attrition-period holding costs - present value of all other future costs. This procedure is only approximate. However, it will provide significant improvement on the previous treatment of this problem in that it will allow for backordering costs and for stochastic demand. In particular, deterministic demand and Poisson demand are examined.