Regenerative Inventory Systems : Operating Characteristics and Optimization

This monograph is one of the first to emphasize analyzing a class of single item inventory systems from a genuine renewal-theoretic approach. It also provides a unified and simplified account of the recent progress made in the area of Inventory Systems. In addition to featuring new results on the optimality conditions, it bounds on optimal policies for the general continuous review model. This monograph is written for researchers and practitioners and can be used as a textbook at a graduate level.