Properties of the Period Review (R,T) Inventory Control Policy for Stationary, Stochastic Demand

This paper compares the commonly-used periodic-review, replenishment interval, order-up-to (R, T) policy to the continuous review, reorder point, order quantity, (Q, r) model. [...]

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Year of publication:	2002-12-01
Authors:	Rao, Uday S.
Institutions:	College of Business Administration <Cincinnati, Ohio>
Subject:	Bestandsmanagement \| Kontrolle \| Lagerhaltungsmodell \| installation base stock policy \| Nachfrage \| demand function equilibria

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1 Introduction
1.1 Literature
2 The(R, T) Inventory Model
2.1 The Demand Model
2.2 The Cost Function C(R, T)
3 Convexity and the Optimality Conditions
3.1 The Optimal R, Given T
3.2 The Optimal T (Continuous Demand)
4 Sensitivity Properties of C(R, T)
5 Compound Poisson Demand
6 Computational Results
7 Discussion, Extensions and Future Research
7.1 Customer Service Requirements
7.2 Multi-Product/ Multi-Echelon Problems
8 Conclusions
Appendix
References

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