Reorder levels for lumpy demand


Williams, T.M. (1982) Reorder levels for lumpy demand. Journal of the Operational Research Society, 33, (2), 185-189.

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Description/Abstract

If demand for a product occurs in a few large orders, classical techniques are not suitable for setting the reorder level. When gamma-distributed sized orders arrive stochastically, with usually no more than one during a lead-time, approximate expressions for the optimum reorder level and resulting expected stock-out are derived. Experimental results suggest that this is a good approximation.

Item Type: Article
ISSNs: 0160-5682 (print)
Related URLs:
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36863
Date Deposited: 28 Feb 2007
Last Modified: 27 Mar 2014 18:23
URI: http://eprints.soton.ac.uk/id/eprint/36863

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