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Author: | Hausman, W. Lee, H. Zhang, A. |
Title: | Joing demand fulfillment probability in a multi-item inventory system with independent order-up-to policies |
Journal: | European Journal of Operational Research
1998 : SEP 16, VOL. 109:3, p. 646-659 |
Index terms: | INVENTORIES OPERATIONAL RESEARCH POLICY |
Language: | eng |
Abstract: | The authors consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First- Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. The authors obtain the joint demand fulfillment probability within a pre-specified time window. They also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach. |
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