Inventory control with the gamma probability distribution

DOI10.1016/0377-2217(84)90133-4zbMath0541.90030MaRDI QIDQ794906

Ralph D. Snyder

Publication date: 1984

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0377-2217(84)90133-4

zbMATH Keywords

gamma probability distribution; lead time demand; normal and negative exponential distributions

Mathematics Subject Classification ID

90B05: Inventory, storage, reservoirs

62N99: Survival analysis and censored data

62E99: Statistical distribution theory

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A periodic review inventory model with emergency orders using Bayesian demand estimation, Control of inventories with intermittent demand, Robust time series analysis, Forecasting sales of slow and fast moving inventories, An ordering and pricing policy for a periodic review inventory model with declining demand.

Cites Work

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• Five Popular Probability Density Functions: A Comparison in the Field of Stock-Control Models
• The Gamma Distribution and Inventory Control
• Approximate Solution to the (Q, r) Inventory Model for Gamma Lead Time Demand
• Tables for Stock Control — Problems of Formulation and Computation
• A Table for Determining the Probability of a Stock out and Potential Lost Sales for a Gamma Distributed Demand
• The Calculation of Order Quantities and Protection Levels in a Re-Order Level Stock Control System