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Author:Hollier, R. H.
Mak, K. L.
Lam, C. L.
Title:Continuous review (s,S) policies for inventory systems incorporating a cutoff transaction size (mathematisches Modell, Lagerwirtschaft)
Journal:International Journal of Production Research
1995 : OCT, VOL. 33:10, p. 2855-2865
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Freeterms:OPTIMALE LOSGRÖSSE
Language:eng
Abstract:A mathematical model is developed for the analysis of optimal replenishment policies for items which experience lumpy demands. In order to avoid disrupting the inventory system, a cutoff transaction size is specified such that customer demands with sizes exceeding w units will be filtered out of the inventory system and treated as special orders. The control discipline is the (s,S) inventory policy with continuous review and the nature of the demands is approximated by a Poisson distribution. The results obtained are illustrated with a numerical example.
SCIMA record nr: 144217
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