Multi-Item (s,S) Inventory Systems with a Service Objective

Abstract

This report considers a Multi-item (s,S) Inventory System in which shortage costs are replaced by a stockout probability constraint. Necessary and sufficient conditions for a policy to be optimal are derived, and a computational efficient algorithm is developed. Computation experience indicates the operating costs can be reduced significantly.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1983
Accession Number
ADA137384

Entities

People

  • J. C. Mitchell

Organizations

  • University of North Carolina at Chapel Hill

Tags

Communities of Interest

  • C4I
  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Algorithms
  • Applied Mathematics
  • Binomials
  • Business Administration
  • Computations
  • Computer Programs
  • Computers
  • Costs
  • Information Science
  • Inventory Control
  • Linear Programming
  • Military Research
  • Operations Research
  • Probability
  • Random Variables
  • Sampling
  • Standards

Readers

  • Logistics and Supply Chain Management.
  • Operations Research