Fill Rate Estimation in Periodic Review Policies with Lost Sales Using Simple Methods
Visualitza/Obre
Cita com:
hdl:2117/99376
Tipus de documentArticle
Data publicació2016-12
EditorOmniaScience
Condicions d'accésAccés obert
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continguts d'aquesta obra estan subjectes a la llicència de Creative Commons
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Reconeixement-NoComercial 3.0 Espanya
Abstract
Purpose: The exact estimation of the fill rate in the lost sales case is complex and time
consuming. However, simple and suitable methods are needed for its estimation so that inventory
managers could use them.
Design/methodology/approach: Instead of trying to compute the fill rate in one step, this
paper focuses first on estimating the probabilities of different on-hand stock levels so that the fill
rate is computed later.
Findings: As a result, the performance of a novel proposed method overcomes the other
methods and is relatively simple to compute.
Originality/value: Existing methods for estimating stock levels are examined, new procedures
are proposed and their performance is assessed.
CitacióCardós, Manuel; Guijarro, Ester; Babiloni Griñón, María Eugenia. Fill Rate Estimation in Periodic Review Policies with Lost Sales Using Simple Methods. "Journal of Industrial Engineering and Management", Desembre 2016, vol. 9, núm. 5, p. 982-990.
Dipòsit legalB-28744-2008
ISSN2013-0953
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