Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies
Identifieur interne : 002579 ( Istex/Corpus ); précédent : 002578; suivant : 002580Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies
Auteurs : Warren H. Hausman ; Hau L. Lee ; Alex X. ZhangSource :
- European Journal of Operational Research [ 0377-2217 ] ; 1997.
Abstract
We consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First-Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. We obtain the joint demand fulfillment probability within a pre-specified time window. We also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach in which equal safety factors (equal fractiles) are specified for all items. Finally we present numerical results and an application with actual data.
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DOI: 10.1016/S0377-2217(97)00152-5
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Fax: +1 213 740 7313</mods:affiliation></affiliation><affiliation><mods:affiliation>Department of Information and Operations Management, School of Business Administration, University of Southern California, Los Angeles, CA 90089-1421, USA</mods:affiliation></affiliation><affiliation><mods:affiliation>E-mail: xin@rcfusc.edu</mods:affiliation></affiliation></author></titleStmt><publicationStmt><idno type="wicri:source">ISTEX</idno><idno type="RBID">ISTEX:9CA9FF2482F2A2E091E3EBE2C543933330CDBC30</idno><date when="1998" year="1998">1998</date><idno type="doi">10.1016/S0377-2217(97)00152-5</idno><idno type="url">https://api.istex.fr/document/9CA9FF2482F2A2E091E3EBE2C543933330CDBC30/fulltext/pdf</idno><idno type="wicri:Area/Istex/Corpus">002579</idno></publicationStmt><sourceDesc><biblStruct><analytic><title level="a">Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies</title><author><name sortKey="Hausman, Warren H" sort="Hausman, Warren H" uniqKey="Hausman W" first="Warren H." last="Hausman">Warren H. Hausman</name><affiliation><mods:affiliation>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</mods:affiliation></affiliation></author><author><name sortKey="Lee, Hau L" sort="Lee, Hau L" uniqKey="Lee H" first="Hau L." last="Lee">Hau L. Lee</name><affiliation><mods:affiliation>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</mods:affiliation></affiliation></author><author><name sortKey="Zhang, Alex X" sort="Zhang, Alex X" uniqKey="Zhang A" first="Alex X." last="Zhang">Alex X. Zhang</name><affiliation><mods:affiliation>Corresponding author. Fax: +1 213 740 7313</mods:affiliation></affiliation><affiliation><mods:affiliation>Department of Information and Operations Management, School of Business Administration, University of Southern California, Los Angeles, CA 90089-1421, USA</mods:affiliation></affiliation><affiliation><mods:affiliation>E-mail: xin@rcfusc.edu</mods:affiliation></affiliation></author></analytic><monogr></monogr><series><title level="j">European Journal of Operational Research</title><title level="j" type="abbrev">EOR</title><idno type="ISSN">0377-2217</idno><imprint><publisher>ELSEVIER</publisher><date type="published" when="1997">1997</date><biblScope unit="volume">109</biblScope><biblScope unit="issue">3</biblScope><biblScope unit="page" from="646">646</biblScope><biblScope unit="page" to="659">659</biblScope></imprint><idno type="ISSN">0377-2217</idno></series><idno type="istex">9CA9FF2482F2A2E091E3EBE2C543933330CDBC30</idno><idno type="DOI">10.1016/S0377-2217(97)00152-5</idno><idno type="PII">S0377-2217(97)00152-5</idno></biblStruct></sourceDesc><seriesStmt><idno type="ISSN">0377-2217</idno></seriesStmt></fileDesc><profileDesc><textClass></textClass><langUsage><language ident="en">en</language></langUsage></profileDesc></teiHeader><front><div type="abstract" xml:lang="en">We consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First-Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. We obtain the joint demand fulfillment probability within a pre-specified time window. We also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach in which equal safety factors (equal fractiles) are specified for all items. Finally we present numerical results and an application with actual data.</div></front></TEI><istex><corpusName>elsevier</corpusName><author><json:item><name>Warren H. Hausman</name><affiliations><json:string>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</json:string></affiliations></json:item><json:item><name>Hau L. Lee</name><affiliations><json:string>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</json:string></affiliations></json:item><json:item><name>Alex X. Zhang</name><affiliations><json:string>Corresponding author. 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Fax: +1 213 740 7313</affiliation><affiliation>Department of Information and Operations Management, School of Business Administration, University of Southern California, Los Angeles, CA 90089-1421, USA</affiliation></author></analytic><monogr><title level="j">European Journal of Operational Research</title><title level="j" type="abbrev">EOR</title><idno type="pISSN">0377-2217</idno><idno type="PII">S0377-2217(00)X0085-9</idno><imprint><publisher>ELSEVIER</publisher><date type="published" when="1997"></date><biblScope unit="volume">109</biblScope><biblScope unit="issue">3</biblScope><biblScope unit="page" from="646">646</biblScope><biblScope unit="page" to="659">659</biblScope></imprint></monogr><idno type="istex">9CA9FF2482F2A2E091E3EBE2C543933330CDBC30</idno><idno type="DOI">10.1016/S0377-2217(97)00152-5</idno><idno type="PII">S0377-2217(97)00152-5</idno></biblStruct></sourceDesc></fileDesc><profileDesc><creation><date>1998</date></creation><langUsage><language ident="en">en</language></langUsage><abstract xml:lang="en"><p>We consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First-Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. We obtain the joint demand fulfillment probability within a pre-specified time window. We also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach in which equal safety factors (equal fractiles) are specified for all items. Finally we present numerical results and an application with actual data.</p></abstract><textClass><keywords scheme="keyword"><list><head>Article category</head><item><term>Theory and methodology</term></item></list></keywords></textClass><textClass><keywords scheme="keyword"><list><head>Keywords</head><item><term>Fill rate</term></item><item><term>Order-up-to policy</term></item><item><term>Multi-item</term></item><item><term>Assembly systems</term></item><item><term>Normally distributed demand</term></item></list></keywords></textClass></profileDesc><revisionDesc><change when="1997-03-01">Registration</change><change when="1997">Published</change></revisionDesc></teiHeader></istex:fulltextTEI></fulltext><metadata><istex:metadataXml wicri:clean="Elsevier, elements deleted: tail"><istex:xmlDeclaration>version="1.0" encoding="utf-8"</istex:xmlDeclaration><istex:docType PUBLIC="-//ES//DTD journal article DTD version 4.5.2//EN//XML" URI="art452.dtd" name="istex:docType"></istex:docType><istex:document><converted-article version="4.5.2" docsubtype="fla"><item-info><jid>EOR</jid><aid>97001525</aid><ce:pii>S0377-2217(97)00152-5</ce:pii><ce:doi>10.1016/S0377-2217(97)00152-5</ce:doi><ce:copyright type="unknown" year="1998"></ce:copyright><ce:doctopics><ce:doctopic><ce:text>Theory and methodology</ce:text></ce:doctopic></ce:doctopics></item-info><head><ce:title>Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies</ce:title><ce:author-group><ce:author><ce:given-name>Warren H.</ce:given-name><ce:surname>Hausman</ce:surname><ce:cross-ref refid="AFF1"><ce:sup>a</ce:sup></ce:cross-ref></ce:author><ce:author><ce:given-name>Hau L.</ce:given-name><ce:surname>Lee</ce:surname><ce:cross-ref refid="AFF1"><ce:sup>a</ce:sup></ce:cross-ref></ce:author><ce:author><ce:given-name>Alex X.</ce:given-name><ce:surname>Zhang</ce:surname><ce:cross-ref refid="COR1"><ce:sup>∗</ce:sup></ce:cross-ref><ce:cross-ref refid="AFF2"><ce:sup>b</ce:sup></ce:cross-ref><ce:e-address>xin@rcfusc.edu</ce:e-address></ce:author><ce:affiliation id="AFF1"><ce:label>a</ce:label><ce:textfn>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</ce:textfn></ce:affiliation><ce:affiliation id="AFF2"><ce:label>b</ce:label><ce:textfn>Department of Information and Operations Management, School of Business Administration, University of Southern California, Los Angeles, CA 90089-1421, USA</ce:textfn></ce:affiliation><ce:correspondence id="COR1"><ce:label>∗</ce:label><ce:text>Corresponding author. Fax: +1 213 740 7313</ce:text></ce:correspondence></ce:author-group><ce:date-received day="1" month="6" year="1996"></ce:date-received><ce:date-accepted day="1" month="3" year="1997"></ce:date-accepted><ce:abstract><ce:section-title>Abstract</ce:section-title><ce:abstract-sec><ce:simple-para>We consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First-Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. We obtain the joint demand fulfillment probability within a pre-specified time window. We also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach in which equal safety factors (equal fractiles) are specified for all items. Finally we present numerical results and an application with actual data.</ce:simple-para></ce:abstract-sec></ce:abstract><ce:keywords><ce:section-title>Keywords</ce:section-title><ce:keyword><ce:text>Fill rate</ce:text></ce:keyword><ce:keyword><ce:text>Order-up-to policy</ce:text></ce:keyword><ce:keyword><ce:text>Multi-item</ce:text></ce:keyword><ce:keyword><ce:text>Assembly systems</ce:text></ce:keyword><ce:keyword><ce:text>Normally distributed demand</ce:text></ce:keyword></ce:keywords></head></converted-article></istex:document></istex:metadataXml><mods version="3.6"><titleInfo><title>Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies</title></titleInfo><titleInfo type="alternative" contentType="CDATA"><title>Joint demand fulfillment probability in a multi-item inventory system with independent order-up-to policies</title></titleInfo><name type="personal"><namePart type="given">Warren H.</namePart><namePart type="family">Hausman</namePart><affiliation>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</affiliation><role><roleTerm type="text">author</roleTerm></role></name><name type="personal"><namePart type="given">Hau L.</namePart><namePart type="family">Lee</namePart><affiliation>Department of Industrial Engineering and Engineering Management, Stanford University, Stanford, CA, USA</affiliation><role><roleTerm type="text">author</roleTerm></role></name><name type="personal"><namePart type="given">Alex X.</namePart><namePart type="family">Zhang</namePart><affiliation>Corresponding author. Fax: +1 213 740 7313</affiliation><affiliation>Department of Information and Operations Management, School of Business Administration, University of Southern California, Los Angeles, CA 90089-1421, USA</affiliation><affiliation>E-mail: xin@rcfusc.edu</affiliation><role><roleTerm type="text">author</roleTerm></role></name><typeOfResource>text</typeOfResource><genre type="research-article" displayLabel="Full-length article"></genre><originInfo><publisher>ELSEVIER</publisher><dateIssued encoding="w3cdtf">1997</dateIssued><dateValid encoding="w3cdtf">1997-03-01</dateValid><copyrightDate encoding="w3cdtf">1998</copyrightDate></originInfo><language><languageTerm type="code" authority="iso639-2b">eng</languageTerm><languageTerm type="code" authority="rfc3066">en</languageTerm></language><physicalDescription><internetMediaType>text/html</internetMediaType></physicalDescription><abstract lang="en">We consider a multi-item inventory system with dependent item demands represented by a multivariate normal distribution and filled under a First-Come-First-Served rule. Each item is managed independently through a periodic review order-up-to policy while all items have the same review cycle. We obtain the joint demand fulfillment probability within a pre-specified time window. We also study the problem of maximizing the joint demand fulfillment probability and discuss a heuristic approach in which equal safety factors (equal fractiles) are specified for all items. Finally we present numerical results and an application with actual data.</abstract><subject><genre>Article category</genre><topic>Theory and methodology</topic></subject><subject><genre>Keywords</genre><topic>Fill rate</topic><topic>Order-up-to policy</topic><topic>Multi-item</topic><topic>Assembly systems</topic><topic>Normally distributed demand</topic></subject><relatedItem type="host"><titleInfo><title>European Journal of Operational Research</title></titleInfo><titleInfo type="abbreviated"><title>EOR</title></titleInfo><genre type="Journal">journal</genre><originInfo><dateIssued encoding="w3cdtf">19980916</dateIssued></originInfo><identifier type="ISSN">0377-2217</identifier><identifier type="PII">S0377-2217(00)X0085-9</identifier><part><date>19980916</date><detail type="volume"><number>109</number><caption>vol.</caption></detail><detail type="issue"><number>3</number><caption>no.</caption></detail><extent unit="issue pages"><start>541</start><end>705</end></extent><extent unit="pages"><start>646</start><end>659</end></extent></part></relatedItem><identifier type="istex">9CA9FF2482F2A2E091E3EBE2C543933330CDBC30</identifier><identifier type="DOI">10.1016/S0377-2217(97)00152-5</identifier><identifier type="PII">S0377-2217(97)00152-5</identifier><recordInfo><recordContentSource>ELSEVIER</recordContentSource></recordInfo></mods></metadata><enrichments><istex:catWosTEI uri="https://api.istex.fr/document/9CA9FF2482F2A2E091E3EBE2C543933330CDBC30/enrichments/catWos"><teiHeader><profileDesc><textClass><classCode scheme="WOS">OPERATIONS RESEARCH & MANAGEMENT SCIENCE</classCode><classCode scheme="WOS">MANAGEMENT</classCode></textClass></profileDesc></teiHeader></istex:catWosTEI></enrichments></istex></record>Pour manipuler ce document sous Unix (Dilib)
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