Using the service point model to control large groups of items
AbstractThis paper describes the service point model, gives equations for four commonly used demand distributions, shows when the model can be used, and shows how it should be used. Also described are three major problems with the service point model and how each problem is solved. An actual implementation of the service point model for a US company is described to illustrate the concepts.
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Bibliographic InfoArticle provided by Elsevier in its journal Omega.
Volume (Year): 16 (1988)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description
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- Silver, Edward A. & Bischak, Diane P., 2011. "The exact fill rate in a periodic review base stock system under normally distributed demand," Omega, Elsevier, vol. 39(3), pages 346-349, June.
- Kiesmüller, G.P., 2009. "A multi-item periodic replenishment policy with full truckloads," International Journal of Production Economics, Elsevier, vol. 118(1), pages 275-281, March.
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