Average fill rate and horizon length

Average fill rate and horizon length

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Article ID: iaor200636
Country: Netherlands
Volume: 33
Issue: 5
Start Page Number: 525
End Page Number: 530
Publication Date: Sep 2005
Journal: Operations Research Letters
Authors: ,
Abstract:

Given a sequence of independent and identically distributed demands and an order up to replenishment policy with negligible lead time, we prove that average fill rate is monotonically decreasing in the number of periods in the planning horizon. This was conjectured to be true in a recent issue of this journal.

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