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This paper differentiates between an order (line) fill rate and a volume fill rate and specifies their performance for different inventory control systems. When the focus is on filling complete customer orders rather than total demanded quantity the order fill rate would be the preferred service...
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Emergency orders have shorter lead times but incur extra costs compared to normal orders. We present a discrete-time Markov decision model where normal orders are issued according to a reorder point policy with a fixed order quantity, whereas emergency orders are controlled by a state-dependent...
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We study the continuous-review (r; q) system in which un_lled demands are treated as lost sales. The reorder point r is allowed to be equal to or larger than the order quantity q. Hence, we do not restrict our attention to the well-known case with at most one replenishment order outstanding, but...
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