Guijarro, Ester; CANÓS DARÓS, MARÍA JOSÉ; Babiloni, Eugenia; Canós-Darós, Lourdes(Asociación Española de Profesores Universitarios para la Economía y la Empresa, 2020)
[EN] Accurate inventory management is essential for the proper functioning of companies. Following a
continuous review inventory policy under lost sales assumption, this paper proposes the estimation of on-hand stock
levels ...
[EN] 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 ...
[EN] Customer service measures are traditionally used to determine the performance or/and the control parameters of any inventory system. Among them, the fill rate is one of the most widely used in practice and is defined ...
[EN] Purpose: One challenge in inventory control models is to know the stock available at the beginning of the cycle to satisfy future demands, i.e. to know the on-hand stock levels at order delivery. For inventory managers, ...
[EN] This paper focuses on computing on-hand stock levels at the beginning of a replenishment cycle for a lost sales inventory system with periodic reviews and discrete demand. A base-stock policy is used for replenishments. ...
The primary goal of this paper is the development of a generalized method to compute the fill rate for any discrete demand distribution in a periodic review policy. The fill rate is defined as the fraction of demand that ...
Babiloni, Eugenia; Guijarro, Ester; Trapero, Juan R.(Springer-Verlag, 2023-03)
[EN] One of the most frequently used inventory policies is the order-point, order-up-to-level (s, S) system. In this system, the inventory is continuously reviewed and a replenishment request is placed whenever the inventory ...