A note on solutions to the <Q,r> inventory model for gamma lead-time demand

A note on solutions to the <Q,r> inventory model for gamma lead-time demand

Namit and Chen recently created two algorithms to solve the inventory model for gamma lead-time demand without using tabulated values. However, other less complicated solutions that do not require the use of tabulated values are currently available. This note demonstrated the relative simplicity of...

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Veröffentlicht in:International journal of physical distribution & logistics management 2000-08, Vol.30 (6), p.534-539
Hauptverfasser: Tyworth, John E., Ganeshan, Ram
Format: Artikel
Sprache:eng
Schlagworte:
Approximation
Inventory
Inventory control
Inventory management
Logistics
Order quantity
Production planning
Random variables
Standard deviation
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Zusammenfassung:Namit and Chen recently created two algorithms to solve the inventory model for gamma lead-time demand without using tabulated values. However, other less complicated solutions that do not require the use of tabulated values are currently available. This note demonstrated the relative simplicity of those solutions and discussed some practical considerations.
ISSN:0960-0035
1758-664X
DOI:10.1108/09600030010340897