Reorder levels for lumpy demand
Reorder levels for lumpy demand
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.
185-189
Williams, T.M.
fb409365-0027-4db3-b401-58a8c8992639
1982
Williams, T.M.
fb409365-0027-4db3-b401-58a8c8992639
Williams, T.M.
(1982)
Reorder levels for lumpy demand.
Journal of the Operational Research Society, 33 (2), .
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.
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Published date: 1982
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Local EPrints ID: 36863
URI: http://eprints.soton.ac.uk/id/eprint/36863
ISSN: 0160-5682
PURE UUID: ad0cd1c6-f005-4b17-8ab5-440fc071ea40
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Date deposited: 28 Feb 2007
Last modified: 11 Dec 2021 15:34
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Author:
T.M. Williams
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