Asymptotic Optimality of Order-Up-To Control for Stochastic Inventory Systems with Sequential Probabilistic Service Level Constraints

2018 ◽  
Author(s):  
Lai Wei ◽  
Stefanus Jasin ◽  
Linwei Xin
Keyword(s):  
Asymptotic Optimality ◽  
Service Level ◽  
Inventory Systems ◽  
Stochastic Inventory

scholarly journals A Global Chance-Constraint for Stochastic Inventory Systems Under Service Level Constraints

Constraints ◽  
2008 ◽  
Vol 13 (4) ◽  
pp. 490-517 ◽  
Author(s):  
Roberto Rossi ◽  
S. Armagan Tarim ◽  
Brahim Hnich ◽  
Steven Prestwich
Keyword(s):  
Service Level ◽  
Inventory Systems ◽  
Chance Constraint ◽  
Stochastic Inventory

Relationships between Service Level Measures for Inventory Systems

1994 ◽  
Vol 45 (7) ◽  
pp. 838
Author(s):  
John E. Boylan ◽  
F. R. Johnston
Keyword(s):  
Service Level ◽  
Inventory Systems

Periodic review stochastic inventory models with service level constraint

2009 ◽  
Vol 40 (3) ◽  
pp. 237-243 ◽  
Author(s):  
Chih-Young Hung ◽  
Kuo-Chen Hung ◽  
Wen-Han Tang ◽  
Robert Lin ◽  
Chi-Kae Wang
Keyword(s):  
Service Level ◽  
Periodic Review ◽  
Inventory Models ◽  
Stochastic Inventory ◽  
Stochastic Inventory Models

scholarly journals Lower Bounds for Multi-Echelon Stochastic Inventory Systems

1994 ◽  
Vol 40 (11) ◽  
pp. 1426-1443 ◽  
Author(s):  
Fangruo Chen ◽  
Yu-Sheng Zheng
Keyword(s):  
Lower Bounds ◽  
Inventory Systems ◽  
Stochastic Inventory

scholarly journals Adaptive inventory control system for material items with continuous non-stationary demand

2014 ◽  
Vol 5 (1) ◽  
pp. 11-20 ◽  
Author(s):  
Martin Krajčovič ◽  
Dariusz Plinta
Keyword(s):  
Control System ◽  
Inventory Control ◽  
Customer Service ◽  
Service Level ◽  
Inventory Systems ◽  
Inventory Level ◽  
Inventory Analysis ◽  
Software Module ◽  
Large Numbers ◽  
Customer Service Level

Abstract This paper describes an algorithm of dynamic inventory control system for large numbers of material items with continuous non-stationary demand. It uses principles of pull inventory control systems, statistical inventory analysis and joint replenishment inventory systems. This algorithm was processed in software module (VBA for Excel) and applied in practice. The target of described algorithm is to keep an optimum inventory level and optimum customer service level in terms of inventory control of items with non-stationary demand.

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