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

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.

On a Deterministic Approximation of Inventory Systems with Sequential Service-Level Constraints

2021 ◽  
Author(s):  
Lai Wei ◽  
Stefanus Jasin ◽  
Linwei Xin
Keyword(s):  
Service Level ◽  
Inventory Systems ◽  
Inventory Models ◽  
Sequential Service

Solving Inventory Models with Service-Level Constraints by Using a Deterministic Approximation

Lost-sales inventory systems with a service level criterion

2012 ◽  
Vol 220 (3) ◽  
pp. 610-618 ◽  
Author(s):  
Marco Bijvank ◽  
Iris F.A. Vis
Keyword(s):  
Service Level ◽  
Inventory Systems ◽  
Lost Sales

Optimization of (s, S) Inventory Systems with Random Lead Times and a Service Level Constraint

1998 ◽  
Vol 44 (12-part-2) ◽  
pp. S243-S256 ◽  
Author(s):  
Sridhar Bashyam ◽  
Michael C. Fu
Keyword(s):  
Service Level ◽  
Inventory Systems ◽  
Lead Times

scholarly journals Service Level Constrained Inventory Systems

2019 ◽  
Vol 28 (9) ◽  
pp. 2365-2389 ◽  
Author(s):  
Yuchen Jiang ◽  
Cong Shi ◽  
Siqian Shen
Keyword(s):  
Service Level ◽  
Inventory Systems

Dead-beat and reaching-law-based sliding-mode control of perishable inventory systems

2011 ◽  
Vol 59 (1) ◽  
pp. 39-49 ◽  
Author(s):  
P. Ignaciuk ◽  
A. Bartoszewicz
Keyword(s):  
Sliding Mode Control ◽  
Sliding Mode ◽  
Service Level ◽  
Inventory Systems ◽  
Supply Source ◽  
Perishable Inventory ◽  
Reaching Law ◽  
Mode Control ◽  
Perishable Goods ◽  
Varying Demand

Dead-beat and reaching-law-based sliding-mode control of perishable inventory systemsIn this paper we consider the problem of efficient control of inventory systems with perishable goods. In the analyzed setting the deteriorating stock at a distribution center used to fulfill unknown, time-varying demand is replenished with delay from a supply source. The challenging issue is to achieve the high service level with minimum costs when the replenishment orders are procured with lead-time delay spanning multiple review periods. On the contrary to the typical heuristic approaches, we apply formal methodology based on discrete-time sliding-mode (SM) control. The proposed SM controller with the sliding plane selected for a dead-beat scheme ensures that the maximum service level is obtained in the system with arbitrary delay and any bounded demand pattern. In order to account for the supplier capacity limitations in the systems with input constraints, we also develop an alternative control strategy based on reaching law. Both controllers achieve a given service level with smaller holding costs and reduced order-to-demand variance ratio as compared to the classical order-up-to policy.

Sign in / Sign up

Export Citation Format

Share Document