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Inequalities with application in retail inventory analysis
Published online by Cambridge University Press: 14 July 2016
Abstract
Simple bounds on service level and turnover velocity are obtained for a periodic-review inventory system with a stationary order-up-to-level stocking policy and no backordering. Exact computational formulas are given for Poisson demand. An illustrative numerical example is presented, and the application of these bounds to retail inventory analysis is discussed.
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- Copyright © Applied Probability Trust 1975
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