The Exact Fill Rate in a Periodic Review Base Stock System under Normally Distributed Demand

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dc.contributor.authorSilver, Edward A.eng
dc.contributor.authorBischak, Diane P.eng
dc.date.accessioned2011-07-27T16:08:26Z
dc.date.available2011-07-27T16:08:26Z
dc.date.issued2011
dc.descriptionThis is a post print file as per the journal publisher's requirements. Article deposited according to publisher policy posted on SHERPA/ROMEO, July 27, 2011.eng
dc.description.abstractIn this paper we consider a periodic review order-up-to-level (or base stock) inventory control system under normally distributed demand. For such circumstances an expression for the exact fill rate (fraction of demand satisfied without backordering) has been available in the literature but has not been widely known, let alone used by practitioners. In this paper we redevelop the expression and contrast our derivation with the earlier published one. The paper has two purposes. First, we hope that the reappearance of the exact result in this journal will lead to its wider adoption. Second, showing two contrasting approaches to obtaining the same result may be useful for both research and pedagogical purposes.eng
dc.description.refereedYeseng
dc.identifier.citationSilver, E., & Bischak, D. (2011). The Exact Fill Rate in a Periodic Review Base Stock System under Normally Distributed Demand. Omega The International Journal of Management Science. 39(3), 346-349eng
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/34049
dc.identifier.issn0305-0483
dc.identifier.urihttp://hdl.handle.net/1880/48699
dc.language.isoengeng
dc.publisherElseviereng
dc.publisher.corporateUniversity of Calgaryeng
dc.publisher.facultyHaskayne School of Businesseng
dc.publisher.hasversionPost-print
dc.publisher.urlhttp://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#descriptioneng
dc.subjectInventory controleng
dc.subjectBase stockeng
dc.subject.otherFill rateeng
dc.subject.otherNormal distributioneng
dc.titleThe Exact Fill Rate in a Periodic Review Base Stock System under Normally Distributed Demandeng
dc.typejournal articleeng
thesis.degree.disciplineOperations Managementeng
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