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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Original Publication URL: http://links.jstor.org/sici?sici=0160-5682%2819820...
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 |
| Item ID: | 36863 |
| Date Deposited: | 28 Feb 2007 |
| Last Modified: | 01 Jun 2011 06:44 |
| Contributors: | Williams, T.M. (Author) |
| Date: | 1982 |
| Status: | Published |
| URI: | http://eprints.soton.ac.uk/id/eprint/36863 |
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