Abstract
| Original language | English |
|---|---|
| Place of Publication | Tilburg |
| Publisher | Econometrics |
| Number of pages | 14 |
| Volume | 2003-76 |
| Publication status | Published - 2003 |
Publication series
| Name | CentER Discussion Paper |
|---|---|
| Volume | 2003-76 |
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Keywords
- demand
- inventory control
Cite this
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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 paper › Discussion paper › Other research output
TY - UNPB
T1 - Modified Normal Demand Distributions in (R,S)-Inventory Models
AU - Strijbosch, L.W.G.
AU - Moors, J.J.A.
N1 - Pagination: 14
PY - 2003
Y1 - 2003
N2 - 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.
AB - 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.
KW - demand
KW - inventory control
M3 - Discussion paper
VL - 2003-76
T3 - CentER Discussion Paper
BT - Modified Normal Demand Distributions in (R,S)-Inventory Models
PB - Econometrics
CY - Tilburg
ER -