An inventory control model with Gamma distribution

Quey Jen Yeh, T. P. Chang, H. C. Chang

Research output: Contribution to journalArticle

8 Citations (Scopus)

Abstract

An inventory control system with a regular review reorder base is inappropriate for slow-moving items. Under this periodic review environment, there are many periods in which no demand occurs and thus no replenishment is needed. In the current paper, a model that makes a replenishment decision at the time when demand transaction occurs is proposed. The study develops a simple graphical aid for choosing appropriate replenishment size in consistence with the desired service level without explicitly calculating the reorder point by assuming that the three variables - demand size, demand intensity and lead time, are all Gamma distributed.

Original languageEnglish
Pages (from-to)1197-1201
Number of pages5
JournalMicroelectronics Reliability
Volume37
Issue number8
DOIs
Publication statusPublished - 1997 Aug

All Science Journal Classification (ASJC) codes

  • Electronic, Optical and Magnetic Materials
  • Atomic and Molecular Physics, and Optics
  • Safety, Risk, Reliability and Quality
  • Condensed Matter Physics
  • Surfaces, Coatings and Films
  • Electrical and Electronic Engineering

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