Moeeni, Farhad; Replogle, Stephen; Chaudhury, Zariff; … - In: International Journal of Information Systems and Supply … 5 (2012) 3, pp. 43-57
Factors such as demand volume and replenishment lead time that influence production and inventory control systems are random variables. Existing inventory models incorporate the parameters (e.g., mean and standard deviation) of these statistical quantities to formulate inventory policies. In...