A Table for Determining the Probability of a Stock out and Potential Lost Sales for a Gamma Distributed Demand
1976; Palgrave Macmillan; Volume: 27; Issue: 3 Linguagem: Inglês
10.1057/jors.1976.121
ISSN1476-9360
Autores Tópico(s)Big Data and Business Intelligence
ResumoA table is given for determining the probability of a stock out and potential lost sales for a gamma distribution of demand. In addition to general applicability it is shown that the table enables a fundamental equation in inventory theory associated with the problem of minimizing the total cost of holding stock to be solved approximately.
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