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Reorder levels for lumpy demand

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

Record type: Article

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

Identifiers

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: 17 Jul 2017 15:43

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Contributors

Author: T.M. Williams

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