An approximation for the fill rate, i.e. the percentage of demand being delivered from inventory on hand immediately …, is derived for items in a periodic review inventory control system with lost sales. We assume demand is stochastic and … inventory control systems assumes that unmet demand is backordered. The major reason for this is that the analysis of a general …

We study the stochastic multiperiod inventory problem in which demand in excess of available inventory is lost and … problem with storable or perishable inventory and with exogenous or endogenous price. We show that the Weibull is the only … the optimal solution can be easily computed. Specifically, for the perishable inventory case, the optimal policy can be …