Artikel
Fill rate estimation in periodic review policies with lost sales using simple methods
Purpose: The exact estimation of the fill rate in the lost sales case is complex and time consuming. However, simple and suitable methods are needed for its estimation so that inventory managers could use them. Design/methodology/approach: Instead of trying to compute the fill rate in one step, this paper focuses first on estimating the probabilities of different on-hand stock levels so that the fill rate is computed later. Findings: As a result, the performance of a novel proposed method overcomes the other methods and is relatively simple to compute. Originality/value: Existing methods for estimating stock levels are examined, new procedures are proposed and their performance is assessed.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Industrial Engineering and Management (JIEM) ; ISSN: 2013-0953 ; Volume: 9 ; Year: 2016 ; Issue: 5 ; Pages: 983-990 ; Barcelona: OmniaScience
- Classification
-
Management
- Subject
-
fill rate
lost sales
periodic review policy
- Event
-
Geistige Schöpfung
- (who)
-
Cardós, Manuel
Guijarro Tarradellas, Ester
Babiloni Griñón, Eugenia
- Event
-
Veröffentlichung
- (who)
-
OmniaScience
- (where)
-
Barcelona
- (when)
-
2016
- DOI
-
doi:10.3926/jiem.2063
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Cardós, Manuel
- Guijarro Tarradellas, Ester
- Babiloni Griñón, Eugenia
- OmniaScience
Time of origin
- 2016
Other Objects (12)
The impact of commercial open source software on proprietary software producers and social welfare
Green competitiveness research on Chinese automotive enterprises
Reverse logistics: RFID the key to optimality
Inventory management performance in machine tool SMEs: What factors do influence them?
Bibliometric study of the reverse salient concept
An inventory model of instantaneous deteriorating items with controllable deterioration rate for time dependent demand and holding cost
A unifying process capability metric
Transfer prices assignment with integrated production and marketing optimization models
ISO 14001:2015: An improved tool for sustainability
Sustainable operations management: A typological approach
Evaluating the effectiveness of a priori information on process measures in a virtual reality inspection task
A reply to Ponte et al (2016) Supply chain collaboration: Some comments on the nucleolus of the beer game
The impact of commercial open source software on proprietary software producers and social welfare
Green competitiveness research on Chinese automotive enterprises
Reverse logistics: RFID the key to optimality
Inventory management performance in machine tool SMEs: What factors do influence them?
Bibliometric study of the reverse salient concept
An inventory model of instantaneous deteriorating items with controllable deterioration rate for time dependent demand and holding cost
A unifying process capability metric
Transfer prices assignment with integrated production and marketing optimization models
ISO 14001:2015: An improved tool for sustainability
Sustainable operations management: A typological approach
Evaluating the effectiveness of a priori information on process measures in a virtual reality inspection task
A reply to Ponte et al (2016) Supply chain collaboration: Some comments on the nucleolus of the beer game
The impact of commercial open source software on proprietary software producers and social welfare
Green competitiveness research on Chinese automotive enterprises
Reverse logistics: RFID the key to optimality
Inventory management performance in machine tool SMEs: What factors do influence them?
Bibliometric study of the reverse salient concept
An inventory model of instantaneous deteriorating items with controllable deterioration rate for time dependent demand and holding cost
A unifying process capability metric
Transfer prices assignment with integrated production and marketing optimization models
ISO 14001:2015: An improved tool for sustainability
Sustainable operations management: A typological approach
Evaluating the effectiveness of a priori information on process measures in a virtual reality inspection task