Stochastic Inventory Models Involving Variable Lead Time With a Service Level Constraint
Yugoslav journal of operations research, Tome 10 (2000) no. 1, p. 81 .

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The stochastic inventory models analyzed in this study involve two models that are continuous review and periodic review. Instead of having a stockout cost term in the objective function, a service level constraint is added to each model. For both these models with a mixture of backorders and lost sales, we first assume that the lead time ( L )/protection interval ( T + L) demand follows a normal distribution, and then relax this assumption by only assuming that the mean and variance are known. For each case, we develop a procedure to find the optimal solution, and then an illustrative numerical example is given.
Classification : 90B05
Keywords: Inventory, lead time, service level, minimax distribution free procedure.
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     author = {Liang-Yuh Ouyang and Bor-Ren Chuang},
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Liang-Yuh Ouyang; Bor-Ren Chuang. Stochastic Inventory Models Involving Variable Lead Time With a Service Level Constraint. Yugoslav journal of operations research, Tome 10 (2000) no. 1, p. 81 . http://geodesic.mathdoc.fr/item/YJOR_2000_10_1_a7/