search query: @author Lee, H. L. / total: 26
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| Author: | Cohen, M. A. Kleindorfer, P. A. Lee, H. L. |
| Title: | Service constrained (s, S) inventory systems with priority demand classes and lost sales. |
| Journal: | Management Science
1988 : APR, VOL. 34:4, p. 482-499 |
| Index terms: | INVENTORY CONTROL STOCHASTIC PROCESSES |
| Language: | eng |
| Abstract: | Many inventory systems are controlled by an (s,S) socking policy, which is characterized by a reorder point, s, and order-up-to level S. A model and solution algorithm is presented for the computation of (s, S) values which minimize expected costs subject to a service-level constraint. The environments of interest are characterized by replenishment lead times, multiple, prioritized demand classes, and lost sales of excess demand. Results of an extensive numerical test are evaluated. |
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