Fill rate estimation in periodic review policies with lost sales using simple methods

Autor:	Manuel Cardós, Ester Guijarro Tarradellas, Eugenia Babiloni Griñón
Jazyk:	angličtina
Rok vydání:	2016
Předmět:	fill rate lost sales periodic review policy Industrial engineering. Management engineering T55.4-60.8 Social Sciences Commerce HF1-6182 Business HF5001-6182
Zdroj:	Journal of Industrial Engineering and Management, Vol 9, Iss 5, Pp 983-990 (2016)
Druh dokumentu:	article
ISSN:	2013-8423 2013-0953
DOI:	10.3926/jiem.2063
Popis:	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.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/624cd345c7d14b8e9994d88fe7bc59bc Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF