Inventory control with the gamma probability distribution

DOI10.1016/0377-2217(84)90133-4zbMath0541.90030OpenAlexW1973862952MaRDI 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 distributionlead time demandnormal and negative exponential distributions

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Survival analysis and censored data (62N99) Statistical distribution theory (62E99)

Related Items (6)

Control of inventories with intermittent demand ⋮ Robust time series analysis ⋮ An ordering and pricing policy for a periodic review inventory model with declining demand. ⋮ A periodic review inventory model with emergency orders using Bayesian demand estimation ⋮ Undershoot and order quantity probability distributions in periodic review, reorder point, order-up-to-level inventory systems with continuous demand ⋮ Forecasting sales of slow and fast moving inventories

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

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