search query: @author Schultz, C. R. / total: 3
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| Author: | Schultz, C. R. |
| Title: | Replenishment delays for expensive slow-moving items. |
| Journal: | Management Science
1989 : DEC, VOL. 35:12, p. 1454-1462 |
| Index terms: | INVENTORY CONTROL |
| Language: | eng |
| Abstract: | Traditional single-item inventory control policies operating under continuous review call for the immediate placement of a replenishment order each time a demand causes the inventory position to drop to or below the order point. Introduced is the concept of delayed replenishment orders for expensive items subject to intermittent, unit-sized demands. The inventory system modeled is one with complete back-logging, constant lead times, arbitrary inter-demand distributions, linear carrying costs, and emergency handling of shortages at a premium cost. |
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