Xekalaki, Evdokia and Panaretos, John (1995): Replenishing Stock Under Uncertainty. Published in: Athens University of Economics & Business, Technical Report No. 15 (January 1995)
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Abstract
A stock replenishing model is considered whereby not only the demand for the item, but also the stock in hand and the lead time period are considered to be random variables. The interrelations of these three item characteristics are then studied in the framework of a scheme for deciding when to place an order for additional material. The effect of a Pareto/Yule type distributed demand in determining the stock level at which to reorder is then examined and the results are subsequently looked upon in terms of the lead time distribution
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Replenishing Stock Under Uncertainty |
| Language: | English |
| Keywords: | Reorder point system, Inventory model, Stock replenishment, Pareto distribution, Yule distribution, Demand distribution |
| Subjects: | C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General |
| Item ID: | 6261 |
| Depositing User: | J Panaretos |
| Date Deposited: | 12 Dec 2007 18:12 |
| Last Modified: | 01 Oct 2019 05:19 |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/6261 |
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