An overview of inventory systems with several demand classes

Marcel Kleijn and Rommert Dekker

No EI 9838, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: In this chapter we discuss inventory systems where several demand classes may be distinguished. In particular, we focus on single-location inventory systems and we analyse the use of a so-called critical level policy. With this policy some inventory is reserved for high-priority demand. A number of practical examples where several demand classes naturally arise are presented, and the implications and modelling of the critical level policy in distribution systems are discussed. Finally, an overview of the literature on inventory systems with several demand classes is given.

Keywords: Inventory; critical level; demand classes; rationing (search for similar items in EconPapers)
Date: 1998-11-26
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Citations: View citations in EconPapers (11)

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