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In this paper we compare three methods for the determination of the reorder point s in an (R; s; Q) inventory model subject to a service level constraint. The three methods di er in the modelling assumptions of the demand process which in turn leads to three di erent approximations for the...
Persistent link: https://www.econbiz.de/10011090290
In this paper we present an approximation method to compute the reorder point s in a (R; s; Q) inventory model with a service level restriction, where demand is modelled as a compound Bernoulli process, that is, with a xed probability there is positive demand during a time unit, otherwise demand...
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In this paper we consider an inventory system with two suppliers.A supply agreement is made with one of the suppliers, to deliver a xed quantity Q every review period.The replenishment decisions for the other supplier are governed by a (R; S) replenishment policy; that is, when the inventory...
Persistent link: https://www.econbiz.de/10011091973
In this paper we discuss demand management problems in a multi-stage distribution chain.We focus on distribution chains where demand processes have high variability due to a few large customer orders.We give a possible explanation, and suggest two simple procedures that help to smooth demand.It...
Persistent link: https://www.econbiz.de/10011092699