Calculation of the Approaches to Cycle Service Level in Continuous Review Policy: A Tool for Corporate Entrepreneur

Sofia Estelles-Miguel, Manuel Cardos, Jose Miguel Albarracin Guillem and Marta Palmer Gato

Business and Management Research, 2014, vol. 3, issue 1, 54-60

Abstract: This paper presents two new approximations to compute the Cycle Service Level (CSL) in a continuous review policy, as a tool for corporate entrepreneur. These approximations are not only for the backordering case but also for the lost sales one. In order to develop it we focus on transforming a form of periodic review policy in a model of continuous review policies. As a result, the analogy and the transformation proposed in this paper are different from Silver classical model. Due to huge complexity of the exact CSL calculus the aproximate methods are needed.The entrepreneurial dimension, based on internal reorganization and innovation, is an inherent, indispensable part of the discovery and creation of opportunities. Accordingly, this article contributes to the firms¡ä pursuit of competitive advantages by presenting methods of internal management for corporate entrepreneurship. Efficient stock-taking is a key issue for lowering production cost and boosting competitive advantages, and, by examining this area, this paper makes a significant contribution to the study of corporate entrepreneurship.

Date: 2014
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