Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7543858 | Operations Research Letters | 2018 | 18 Pages |
Abstract
We develop a computationally efficient optimization procedure to optimize stock and rationing levels for a model consisting of a single product with two priority-demand classes, given by mutually independent, stationary, Poisson demand processes. Each priority class has its own service levels requirements, defined by the class-specific fill rate and expected waiting-time levels. Order lead times are independent and identically distributed random variables. This is the first study in this setting to consider both waiting-time constraints along with fill rate requirements.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Oguzhan Vicil, Peter Jackson,