TY - JOUR
T1 - An inventory control model with Gamma distribution
AU - Yeh, Quey Jen
AU - Chang, T. P.
AU - Chang, H. C.
PY - 1997/8
Y1 - 1997/8
N2 - 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.
AB - 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.
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U2 - 10.1016/S0026-2714(96)00295-8
DO - 10.1016/S0026-2714(96)00295-8
M3 - Article
AN - SCOPUS:0031212402
SN - 0026-2714
VL - 37
SP - 1197
EP - 1201
JO - Microelectronics Reliability
JF - Microelectronics Reliability
IS - 8
ER -