CONTINUOUS-REVIEW (S,S) POLICIES FOR INVENTORY SYSTEMS INCORPORATING A CUTOFF TRANSACTION SIZE

被引:18
作者
HOLLIER, RH
MAK, KL
LAM, CL
机构
[1] Manchester School of Management, University of Manchester, Institute of Science and Technology, Manchester, M60 IQD
[2] Department of Industrial and Manufacturing Systems Engineering, University of Hong Kong, Manchester, M60 IQD, Pokfulam Road
关键词
D O I
10.1080/00207549508904849
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
In this paper, a mathematical model is developed for the analysis of optimal replenishment policies for items which experience lumpy demands. In order to avoid disrupting the inventory system, a cutoff transaction size of w units is specified such that customer demands with sizes exceeding w units will be filtered out of the inventory system and treated as special orders to be satisfied by special deliveries. Customer demands with sizes less than or equal to w units will be met from stock. The control discipline is the (s, S) inventory policy with continuous review and the nature of the demands is approximated by a stuttering Poisson distribution. Recursive formulae are developed for the determination of the probabilities of the lead time demand and the available inventory position. The optimal values of the control parameters, s and S, are determined. The theoretical results obtained are illustrated with a numerical example.
引用
收藏
页码:2855 / 2865
页数:11
相关论文
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