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We analyze the problem of minimizing average inventory costs subject to fill-rate type of service-level constraints in serial and assembly production/distribution systems. We propose optimal and heuristic procedures to solve this problem. Our model and solution procedures can be used to manage...
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We noticed an error in the upper bound on the optimal system stock in Boyaci and Gallego (2001). We provide a procedure to compute the correct bound.
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Department: Industrial Engineering & Operations Research.
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