Donselaar, Karel H. van; Broekmeulen, Rob A.C.M. - In: International Journal of Production Economics 143 (2013) 2, pp. 440-448
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 discrete, lead-times are positive and replenishments are...