The (s, Q) inventory system for slow moving items

Many existing inventory management systems can be significantly improved by simply adopting appropriate inventory policies. The A-B-C classification can be a basis for designing individual item inventory policies. However, the A-B-C classification is dependent on fast moving items or slow moving items. Generally, slow moving items will be modeled according to the Poisson or Laplace distributions. However, for some slow moving items, Laplace distributions will be of exclusive use to model lead time demand. Consequently, this article will explore the (s, Q) inventory system for slow moving items under Laplace distributions.