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An exact calculation of the cycle service level in a generalized periodic review system

Author

Listed:
  • M Cardós

    (Universidad Politécnica de Valencia)

  • C Miralles

    (Universidad Politécnica de Valencia)

  • L Ros

    (Universidad Politécnica de Valencia)

Abstract

This paper is focused on the exact calculation of the cycle service level for a generalized periodic review system accepting any discrete demand with a known probability function and any cycle service target. Previously, it was necessary to modify the definition of the cycle service level metric (also known as non stock out probability) so that it could be applied to these cases. The purpose of the proposed (R, S) system is to handle simultaneously fast-moving items, slow-moving items and intermittent or sporadic demand items any of them with high, medium or low cycle service targets.

Suggested Citation

  • M Cardós & C Miralles & L Ros, 2006. "An exact calculation of the cycle service level in a generalized periodic review system," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(10), pages 1252-1255, October.
    • Handle: RePEc:pal:jorsoc:v:57:y:2006:i:10:d:10.1057_palgrave.jors.2602121
    DOI: 10.1057/palgrave.jors.2602121
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    References listed on IDEAS

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    1. F R Johnston & J E Boylan & E A Shale, 2003. "An examination of the size of orders from customers, their characterisation and the implications for inventory control of slow moving items," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(8), pages 833-837, August.
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    Cited by:

    1. Cardós, Manuel & Babiloni, Eugenia, 2011. "Exact and approximate calculation of the cycle service level in periodic review inventory policies," International Journal of Production Economics, Elsevier, vol. 131(1), pages 63-68, May.
    2. Manuel Cardós & Ester Guijarro & Eugenia Babiloni, 2017. "On the estimation of on-hand stocks for base-stock policies and lost sales systems and its impact on service measures," International Journal of Production Research, Taylor & Francis Journals, vol. 55(16), pages 4680-4694, August.
    3. AERTS, Babiche & CORNELISSENS, Trijntje & SÖRENSEN, Kenneth, 2022. "The internal warehouse replenishment problem: the importance of storage and replenishment policies," Working Papers 2022007, University of Antwerp, Faculty of Business and Economics.
    4. Lejeune, Miguel A., 2013. "Probabilistic modeling of multiperiod service levels," European Journal of Operational Research, Elsevier, vol. 230(2), pages 299-312.
    5. Cardós, Manuel & Babiloni, Eugenia, 2011. "Exact and approximated calculation of the cycle service level in a continuous review policy," International Journal of Production Economics, Elsevier, vol. 133(1), pages 251-255, September.
    6. M A Lejeune, 2008. "Preprocessing techniques and column generation algorithms for stochastically efficient demand," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(9), pages 1239-1252, September.
    7. Guijarro, Ester & Cardós, Manuel & Babiloni, Eugenia, 2012. "On the exact calculation of the fill rate in a periodic review inventory policy under discrete demand patterns," European Journal of Operational Research, Elsevier, vol. 218(2), pages 442-447.
    8. Sofia Estelles-Miguel & Manuel Cardos & Jose Miguel Albarracin Guillem & Marta Palmer Gato, 2014. "Calculation of the Approaches to Cycle Service Level in Continuous Review Policy: A Tool for Corporate Entrepreneur," Business and Management Research, Business and Management Research, Sciedu Press, vol. 3(1), pages 54-60, March.

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