Effective investment to reduce lost-sales rate in a periodic review inventory model
學年 96
學期 1
出版(發表)日期 2007-10-01
作品名稱 Effective investment to reduce lost-sales rate in a periodic review inventory model
作品名稱(其他語言)
著者 歐陽良裕; Ouyang, Liang-yuh; Chuang, Bor-ren; Lin, Yu-jen
單位 淡江大學經營決策學系
出版者 Springer
著錄名稱、卷期、頁數 OR Spectrum 29(4), pp.681-697
摘要 In 1973 Montgomery et al. proposed an (R, T) type of a periodic review inventory model in which the lost-sales rate caused by stockout is given. The purpose of this article is to investigate in this heuristic periodic review inventory model with partial lost-sales to effectively increase investment and to reduce the lost-sales rate. We discuss two models: complete (normal distribution) and partial (distribution free) information about the protection interval (i.e., review period plus lead time) demand distribution. For each model, two commonly used investment cost functional forms, logarithmic and power, are employed for lost-sales rate reduction. That is, for these two investment cost functions, we first assume that the protection interval demand follows a normal distribution, and then we assume that only first and second moments of the probability distribution of protected interval demand are known. Two algorithms are developed to find the optimal investment decision, and six numerical examples are given to illustrate the results.
關鍵字 Inventory;Periodic review;Lost-sales rate;Minimax distribution-free procedure
語言 en
ISSN 0171-6468
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 DEU
公開徵稿
出版型式 ,紙本
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