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REORDER-POINT MODELS WITH DISCRETE PROBABILITY DISTRIBUTIONS (1983)

Ness, Paul D. ; Stevenson, William J.

Oxford, UK : Blackwell Publishing Ltd

Decision sciences 14 (1983), S. 0

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ISSN: 1540-5915

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: This paper is concerned with the determination of reorder points and safety-stock levels for situations where both the demand and lead-time distributions are discrete and independent. Formulas are developed for computing exact probabilities for the lead-time demand distribution on the basis of empirical distributions. Practitioners can use the model to obtain exact probabilities for situations where the computational burden is justified, while academicians can use the model to evaluate heuristic approaches to the reorder-point problem.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1540-5915.1983.tb00191.x

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