Fill rate of single-stage general periodic review inventory systems

J. Zhang

doi:10.1016/j.orl.2006.08.003

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Fill rate of single-stage general periodic review inventory systems

Journal article

Peer reviewed

Fill rate of single-stage general periodic review inventory systems

J. Zhang and J. Zhang

Operations research letters, Vol.35(4), pp.503-509

10/16/2006

DOI: https://doi.org/10.1016/j.orl.2006.08.003

Abstract

Inventory control—Mathematical models

Customer service—Mathematical models

Inventory control—Base-stock policy

Distribution (Probability theory)

Stochastic processes

This paper develops an exact formula for the fill rate of a single-stage inventory system that uses a general periodic-review base-stock policy. For normal demand, we present a fill-rate expression that uses the standard normal PDF and CDF, and develop two approximations for the fill rate.

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Title: Fill rate of single-stage general periodic review inventory systems
Creators: J. Zhang - Adelphi University
J. Zhang - Adelphi University
Publication Details: Operations research letters, Vol.35(4), pp.503-509
Publisher: Elsevier Ltd.
Academic Unit: Adelphi University; Decision Sciences and Marketing; Robert B. Willumstad School of Business
Language: English
Resource Type: Journal article
DOI: https://doi.org/10.1016/j.orl.2006.08.003
Record Identifier: 991004356199506266