Control of inventories with intermittent demand

Control of inventories with intermittent demand

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Article ID: iaor1989422
Country: Netherlands
Volume: 40
Issue: 1
Start Page Number: 16
End Page Number: 21
Publication Date: May 1989
Journal: European Journal of Operational Research
Authors: ,
Keywords: demand
Abstract:

The problem of controlling inventories with intermittent demands is considered. A method for determining re-order levels consistent with a specified customer service level is proposed. The distinguishing feature is the use of a probability distribution with a spike at zero to represent the relative frequency of periods with no transactions.

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