Continuous Review (s,S) Policies with Lost Sales

作者: Blyth C. Archibald

DOI: 10.1287/MNSC.27.10.1171

关键词: Constant (mathematics)Poisson distributionInventory systemHolding costLead timeOrder (business)EconomicsLost salesMathematical optimizationManagement Science and Operations ResearchStrategy and Management

摘要: A method is developed to calculate an s, S policy that minimizes the average stationary cost in inventory system with: constant lead time, fixed order cost, linear holding per unit penalty short, discrete compound Poisson demand, and lost sales. It assumed at most one outstanding, or equivalently S-s >s. The procedure compared several easier-to-compute approximate solutions, including assumes backordering. Examples are given reveal although backorder solution different than sales one, of using it situation small.

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