A procedure for the approximation of the waiting time distribution in a discrete-time (r, S) inventory system

We study a single-item periodic review inventory policy. Demands arrive on a discrete (e.g. daily) time axis. This is the time model underlying the Advanced Planning Software systems used for supply chain management in industrial practice. We present a procedure for the calculation of the probabilit...

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Veröffentlicht in:	International journal of production research 2019-03, Vol.57 (5), p.1413-1426
Hauptverfasser:	Tempelmeier, Horst, Fischer, Lars
Format:	Artikel
Sprache:	eng
Schlagworte:	customer waiting time Discrete time systems Inventory management Optimization performance measures Probability distribution Queuing theory safety stock supply chain management Supply chains
Online-Zugang:	Volltext
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