Two replenishment strategies for the lost sales inventory model: a comparison

Onderzoeksoutput: Bijdrage aan tijdschriftTijdschriftartikelAcademicpeer review

27 Citaten (Scopus)
3 Downloads (Pure)

Samenvatting

For the lost sales inventory system we distinguish two different replenishment strategies. The simplest strategy is the classical ‘fixed reorder level’ replenishment rule: every period the inventory position in the system is raised up to a fixed quantity S. For this simple strategy we derive and test heuristics for the determination of the reorder level, given a target service level. Next we demonstrate that it may be more efficient in a lost sales system to use a different replenishment strategy. This alternative replenishment strategy however is more complex. Therefore a comparison is made between the two replenishment strategies in a lost sales environment, to get an indication of the price which has to be paid here for simplicity.
Originele taal-2Engels
Pagina's (van-tot)285-295
Aantal pagina's11
TijdschriftInternational Journal of Production Economics
Volume46
Nummer van het tijdschrift47
DOI's
StatusGepubliceerd - 1996

    Vingerafdruk

Citeer dit