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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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.
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||University Structure - Pre August 2011 > School of Management
|Date Deposited:||28 Feb 2007|
|Last Modified:||01 Jun 2011 06:44|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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