The order and volume fill rates in inventory control systems

International Journal of Production Economics

Volumn 147, Issue PART A, 2014, Pages 13-19

  Larsen, C ^a   Thorstenson, A ^a  

^a AARHUS UNIVERSITY   (Denmark)

Author keywords

Backorders; Compound demand distribution; Customer order fill rate; Increasing failure rate; Service level measure

Indexed keywords

BACKORDERS; COMPOUND DEMAND; CUSTOMER ORDERS; INCREASING FAILURE RATE; SERVICE LEVELS;

CONTROL SYSTEMS; FAILURE ANALYSIS; SALES;

INVENTORY CONTROL;

EID: 84889092991     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2012.07.021     Document Type: Article

References (25)

1. N. Agrawal, and S.A. Smith Estimating negative binomial demand for retail inventory management with unobservable lost sales Naval Research Logistics 43 6 1996 839 861
2. S. Axsäter Inventory Control 2006 Springer New York, NY
3. S. Axsäter, R. Forsberg, and W.-F. Zhang Approximating general multi-echelon inventory systems by Poisson models International Journal of Production Economics 35 1994 201 206
4. R.E. Barlow, and F. Proschan Statistical Theory of Reliability and Life Testing - Probability Models 1975 Holt, Rinehart and Winston New York, NY
5. F.Y. Chen, and D. Krass Inventory models with minimal service level constraints European Journal of Operational Research 134 2001 120 140
6. J. Chen, D.K.J. Lin, and D.J. Thomas On the single item fill rate for a finite horizon Operations Research Letters 31 2003 119 123
7. P.L. Gupta, R.C. Gupta, and R.C. Tripathi On monotonic properties of discrete failure rates Journal of Statistical Planning and Interference 65 1997 255 268
8. W.H. Hausman Minimizing customer line items backordered in inventory control Management Science 15 1969 B628 B634
9. W.H. Hausman, H.L. Lee, and A.X. Zhang Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies European Journal of Operational Research 109 1998 645 659
10. N.L. Johnson, A.W. Kemp, and S. Kotz Univariate Discrete Distributions 3rd ed 2005 John Wiley & Sons, Inc. Hoboken, NJ
11. F.R. Johnston, J.E. Boylan, and E.A. Shale An examination of the size of orders from customers, their characterization and the implication for inventory control of slow moving items Journal of the Operational Research Society 54 8 2003 833 837
12. C. Larsen Derivations of confidence intervals of service measures in a base stock inventory control system with low-frequent demand International Journal of Production Economics 131 2011 69 75
13. C. Larsen, C.H. Seiding, C. Teller, and A. Thorstenson An inventory control project in a major Danish company using compound renewal demand models IMA Journal of Management Mathematics 19 2008 145 162
14. C. Larsen, and A. Thorstenson A comparison between the order and the volume fill rate for a base stock inventory control system under a compound renewal demand process Journal of the Operational Research Society 59 6 2008 798 804
15. H.L. Lee, and S. Nahmias Single-Product, Single-Location Models S.C. Graves, A.H.G. Rinnooy Kan, P.H. Zipkin, Logistics of Production and Inventory, Handbooks in Operations Research and Management Science vol. 4 1993 (Chapter 1)
16. J.K. Patel A catalog of failure distributions Communications in Statistics 1 1973 281 284
17. K. Rosling Inventory cost rate functions with nonlinear shortage costs Operations Research 50 6 2002 1007 1017
18. H. Schneider Effect of service levels on order points or order levels in inventory International Journal of Production Research 19 6 1981 615 631
19. E.S. Silver, D. Pyke, and R. Peterson Decision Systems for Inventory Management and Production Scheduling 1998 J. Wiley New York, NY
20. D. Simchi-Levi, P. Kaminsky, and E. Simchi Levi Designing and Managing the Supply Chain 2008 Mc Graw Hill Boston, MA
21. J.-S. Song On the order fill rate in multi-item base stock inventory systems Operations Research 46 1998 831 845
22. D.J. Thomas Measuring item fill-rate performance in a finite horizon Manufacturing & Service Operations Management 7 2005 74 80
23. H. Tijms Stochastic Models 2003 John Wiley Chichester, UK
24. R.W. Wolff Poisson arrivals see time averages Operations Research 30 2 1982 223 231
25. P.H. Zipkin Foundations of Inventory Management 2000 Mc Graw Hill Boston, MA