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

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

Research output: Working paper › Discussion paper › Other research output

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

Keywords

  • demand
  • inventory control

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