Minimizing expected shortages in a multi-item inventory system
minimizingexpect00howa.pdf (1.433Mb)Abstract
A formulation is given for minimizing the expected total number of shortages in a multi-item inventory system under a continuous review policy. The variable reorder levels and order quantities must be set to meet constraints on the average expected investment in on hand inventory and on the expected number of orders placed per unit time. Several approaches to the problem are presented. (Author) A formulation is given for minimizing the expected total
number of shortages in a multi-item inventory system under a continuous
review policy. The variable reorder levels and order
quantities must be set to meet constraints on the average expected
investment in on hand inventory and on the expected number of orders
placed per unit time. Several approaches to the problem are
presented.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.NPS Report Number
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