| Article ID: | iaor20082896 |
| Country: | Netherlands |
| Volume: | 35 |
| Issue: | 4 |
| Start Page Number: | 503 |
| End Page Number: | 509 |
| Publication Date: | Jul 2007 |
| Journal: | Operations Research Letters |
| Authors: | Zhang Jun, Zhang Jiang |
This paper develops an exact formula for the fill rate of a single-stage inventory system that uses a general periodic-review base-stock policy. For normal demand, we present a fill-rate expression that uses the standard normal PDF and CDF, and develop two approximations for the fill rate.