Fill rate of single-stage general periodic review inventory systems

Fill rate of single-stage general periodic review inventory systems

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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: ,
Abstract:

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.

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