The uniform distribution as a first practical approach to new product inventory management |
| |
Authors: | Peter F Wanke |
| |
Institution: | aCenter for Logistics Studies, The COPPEAD Graduate School of Business, Federal University of Rio de Janeiro, Brazil |
| |
Abstract: | It is common sense that the premises usually considered in inventory models have little applicability to new product inventory management. This paper develops a first practical approach to deal with this issue: the solution to the (Q, r) inventory model for uniform demand forecasts and lead-times. Based on the fact that the uniform distribution is defined by two parameters that are easy to estimate—maximum and minimum—this paper shows that such a premise may comprise a helpful and accurate decision support tool for managers until they begin to learn about the distribution characteristics of the demand during the lead-time. |
| |
Keywords: | Inventory management New products (Q r) model Uniform distribution |
本文献已被 ScienceDirect 等数据库收录! |