Publisher's Synopsis
Excerpt from On Base-Stock Policies for Make-to-Order/Make-to-Stock Production
Figure 2 suggests that we model the demand processes of make-to - stock products by theservice processes at stations 1 to d. Strictly speaking, a service process characterized by independent and identically distributed service times may not be a faithful representation of the demand process because the first inter-demand time following a period of inventory depletion typically is not statistically similar to other inter-demand intervals. That is, the first service time of a busy period should be characterized by an excess life distribution, and this is the same as the inter-demand time distribution if and only if the demand process is Poisson. Nonetheless, the difference is not significant in the sense that the two systems closely approximate each other under heavy traffic conditions (see [11, 13, Ml). About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
