Explicit formulas for the order size and reorder point in certain inventory problems

Chandrasekhar Das

Naval Research Logistics Quarterly, 1976, vol. 23, issue 1, 25-30

Abstract: This study concentrates on distributions of leadtime demand that permit explicit solution to the lot‐size, reorder point model. The optimal order size for the general case is first expressed as a function of the economic order quantity and a quantity known as the “residual mean life” in reliability theory. The concept of “no aging” is then utilized to identify a broad class of distributions for which the optimal order size can be determined explicitly, independent of the reorder point.

Date: 1976
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1002/nav.3800230104

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:wly:navlog:v:23:y:1976:i:1:p:25-30

Access Statistics for this article

More articles in Naval Research Logistics Quarterly from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().