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.
Keywords: Inventory, lead time, service level, minimax distribution free procedure.
@article{YJOR_2000_10_1_a7,
author = {Liang-Yuh Ouyang and Bor-Ren Chuang},
title = {Stochastic {Inventory} {Models} {Involving} {Variable} {Lead} {Time} {With} a {Service} {Level} {Constraint}},
journal = {Yugoslav journal of operations research},
pages = {81 },
year = {2000},
volume = {10},
number = {1},
zbl = {0954.90001},
language = {en},
url = {http://geodesic.mathdoc.fr/item/YJOR_2000_10_1_a7/}
}
TY - JOUR AU - Liang-Yuh Ouyang AU - Bor-Ren Chuang TI - Stochastic Inventory Models Involving Variable Lead Time With a Service Level Constraint JO - Yugoslav journal of operations research PY - 2000 SP - 81 VL - 10 IS - 1 UR - http://geodesic.mathdoc.fr/item/YJOR_2000_10_1_a7/ LA - en ID - YJOR_2000_10_1_a7 ER -
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/