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A queueing model to analyze the value of centralized inventory information. (English) Zbl 0735.90036
The demand for two products is described by Poisson processes, one for each product. There is only one production facility for both products. The production time is exponentially distributed. There are $$S$$ units of each product on stock. If one product is demanded production starts if possible. The authors compare two strategies: (1) producing the product, which is demanded at first, (2) producing the product with the lowest stock level.
Reviewer: H.Neffke

##### MSC:
 90B05 Inventory, storage, reservoirs 60K25 Queueing theory (aspects of probability theory) 90B30 Production models 90B22 Queues and service in operations research
##### Keywords:
queueing model; optimal production strategy
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