Purpose: One of the most usual indicators to measure the performance of any inventory policy is the mean stock level. In the generalized base stock, periodic review policy, the expected mean stock during the replenishment cycle is usually estimated by practitioners and researchers with the...

The paper proposes a method to compute the exact cycle service level for (s, Q) continuous review policy in the presence of undershoots and discrete demand in the discrete time domain. Prior to this, it is necessary to review the definition of the cycle service level in order to avoid the...

The parameters of stock policies are usually determined to minimize costs while satisfying a target service level. In a periodic review policy the time between reviews can be selected to minimize costs while the order-up-to-level is based on the fulfilment of a target service level. Generally,...