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The order fill rate is less commonly used than the volume fill rate (most often just denoted fill rate) as a performance measure for inventory control systems. However, in settings where the focus is on filling customer orders rather than total quantities, the order fill rate should be the...
Persistent link: https://www.econbiz.de/10005802233
In this note we comment on whether the cost rate function of Model 2 of Rosling (2002) is exact
Persistent link: https://www.econbiz.de/10005802235
We study an inventory system controlled by a base stock policy assuming a compound renewal demand process. We extend the base stock policy by incorporating rules for degrading the service of larger orders. Two specific rules are considered, denoted Postpone(q,t) and Split(q), respectively. The...
Persistent link: https://www.econbiz.de/10004992902