Note on the fill rate of single-stage general periodic review inventory systems

Note on the fill rate of single-stage general periodic review inventory systems

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Article ID: iaor20102923
Volume: 37
Issue: 1
Start Page Number: 67
End Page Number: 68
Publication Date: Jan 2009
Journal: Operations Research Letters
Authors:
Abstract:

For base-stock policies, Zhang and Zhang (2007) derive the fill rate, defined as the long-run average fraction of demand satisfied immediately. We derive the same expression for the fill rate defined as the ratio of expected demand satisfied immediately to expected demand, and generalize to (R,Q) policies.

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