Modified Normal Demand Distributions in (R,S)-Inventory Models

L.W.G. Strijbosch, J.J.A. Moors

Research output: Working paperDiscussion paperOther research output

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Abstract

To model demand, the normal distribution is by far the most popular; the disadvantage that it takes negative values is taken for granted.This paper proposes two modi.cations of the normal distribution, both taking non-negative values only.Safety factors and order-up-to-levels for the familiar (R, S)-control system are derived and compared with the standard values corresponding with the original normal distribution.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages14
Volume2003-76
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-76

Fingerprint

Inventory Model
Gaussian distribution
Safety
Non-negative
Control System
Demand
Model

Keywords

  • demand
  • inventory control

Cite this

Strijbosch, L. W. G., & Moors, J. J. A. (2003). Modified Normal Demand Distributions in (R,S)-Inventory Models. (CentER Discussion Paper; Vol. 2003-76). Tilburg: Econometrics.
Strijbosch, L.W.G. ; Moors, J.J.A. / Modified Normal Demand Distributions in (R,S)-Inventory Models. Tilburg : Econometrics, 2003. (CentER Discussion Paper).
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Strijbosch, LWG & Moors, JJA 2003 'Modified Normal Demand Distributions in (R,S)-Inventory Models' CentER Discussion Paper, vol. 2003-76, Econometrics, Tilburg.

Modified Normal Demand Distributions in (R,S)-Inventory Models. / Strijbosch, L.W.G.; Moors, J.J.A.

Tilburg : Econometrics, 2003. (CentER Discussion Paper; Vol. 2003-76).

Research output: Working paperDiscussion paperOther research output

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Strijbosch LWG, Moors JJA. Modified Normal Demand Distributions in (R,S)-Inventory Models. Tilburg: Econometrics. 2003. (CentER Discussion Paper).