Title
Determing the fill rate for a periodic review inventory policy with capacitated replenishments, lost sales and zero lead time Determing the fill rate for a periodic review inventory policy with capacitated replenishments, lost sales and zero lead time
Author
Faculty/Department
Faculty of Applied Economics
Faculty of Law
Publication type
article
Publication
Amsterdam ,
Subject
Economics
Source (journal)
Operations research letters. - Amsterdam
Volume/pages
41(2013) :6 , p. 726-729
ISSN
0167-6377
ISI
000329010000034
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Abstract
In this paper we consider a periodic review order-up-to inventory system with capacitated replenishments, lost sales and zero lead time. We consider discrete demand. It is shown that the initial stock levels of the different review periods form a Markov chain and we determine the transition matrix. Furthermore we study for what probability mass functions of the review period demand the Markov chain has a unique stationary distribution. Finally, we present a method to determine the fill rate.
E-info
https://repository.uantwerpen.be/docman/iruaauth/9ba20b/97e17a6e6f3.pdf
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