Note--Optimal Heuristic Decisions for the s, S Inventory Policy

Eliezer Naddor
Additional contact information
Eliezer Naddor: The Johns Hopkins University

Management Science, 1975, vol. 21, issue 9, 1071-1076

Abstract: Heuristic decision rules for the s, S policy in probabilistic inventory systems are proposed. The rules require only the knowledge of the mean and standard deviation of demand, probability of no demand, carrying and replenishing costs, desired availability, and leadtime. Numerical results are given to illustrate the application of the rules.

Date: 1975
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.21.9.1071 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:21:y:1975:i:9:p:1071-1076

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().