Modified Normal Demand Distributions in (R,S) - Inventory Models

To model demand, the normal distribution is by far the most popular; the disadvantage that it takes negative values is taken for granted. This paper proposes two modifications of the normal distribution, both taking non-negative values only. Safety factors and order-up-to-levels for the familiar (R,S) - control system are derived and compared with the standard values corresponding with the original normal distribution

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Year of publication:	2007
Authors:	Strijbosch, L.W.G ; Moors, J.J.A
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Nachfrage \| Demand \| Lagerhaltungsmodell \| Inventory model \| Statistische Verteilung \| Statistical distribution \| Lagermanagement \| Warehouse management

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