An inventory control model with Gamma distribution

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

doi:10.1016/S0026-2714(96)00295-8

An inventory control model with Gamma distribution

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

Department of Business Administration

Research output: Contribution to journal › Article › peer-review

9 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 language	English
Pages (from-to)	1197-1201
Number of pages	5
Journal	Microelectronics Reliability
Volume	37
Issue number	8
DOIs	https://doi.org/10.1016/S0026-2714(96)00295-8
Publication status	Published - 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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10.1016/S0026-2714(96)00295-8

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An inventory control model with Gamma distribution

Abstract

All Science Journal Classification (ASJC) codes

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