We study the constant critical level policy for fast-moving items of an inventory system facing random demands from two customer classes (high and low priority). We consider a continuous review policy with continuously distributed demands. Using the properties of the nondecreasing stationary stochastic demand and the threshold clearing mechanism we formulate a convex cost minimization problem to determine the optimal parameters of the critical level policy, which can be optimally solved through KKT conditions. For instances we tested, computational results show that the critical level policy induce a benefit on average and against the round-up and separate stock policies respectively.
Accepté le :
DOI : 10.1051/ro/2016029
Mots-clés : Inventory system, critical level policy, shortage penalty cost, fast moving items, two demand classes
@article{RO_2017__51_2_359_0,
author = {Escalona, Pablo and Ord\'o\~nez, Fernando and Iturrieta, Edgard},
title = {Convex backorders of a rationing inventory policy with two different demand classes},
journal = {RAIRO - Operations Research - Recherche Op\'erationnelle},
pages = {359--373},
publisher = {EDP-Sciences},
volume = {51},
number = {2},
year = {2017},
doi = {10.1051/ro/2016029},
mrnumber = {3657429},
zbl = {1365.90013},
language = {en},
url = {http://archive.numdam.org/articles/10.1051/ro/2016029/}
}
TY - JOUR AU - Escalona, Pablo AU - Ordóñez, Fernando AU - Iturrieta, Edgard TI - Convex backorders of a rationing inventory policy with two different demand classes JO - RAIRO - Operations Research - Recherche Opérationnelle PY - 2017 SP - 359 EP - 373 VL - 51 IS - 2 PB - EDP-Sciences UR - http://archive.numdam.org/articles/10.1051/ro/2016029/ DO - 10.1051/ro/2016029 LA - en ID - RO_2017__51_2_359_0 ER -
%0 Journal Article %A Escalona, Pablo %A Ordóñez, Fernando %A Iturrieta, Edgard %T Convex backorders of a rationing inventory policy with two different demand classes %J RAIRO - Operations Research - Recherche Opérationnelle %D 2017 %P 359-373 %V 51 %N 2 %I EDP-Sciences %U http://archive.numdam.org/articles/10.1051/ro/2016029/ %R 10.1051/ro/2016029 %G en %F RO_2017__51_2_359_0
Escalona, Pablo; Ordóñez, Fernando; Iturrieta, Edgard. Convex backorders of a rationing inventory policy with two different demand classes. RAIRO - Operations Research - Recherche Opérationnelle, Tome 51 (2017) no. 2, pp. 359-373. doi : 10.1051/ro/2016029. http://archive.numdam.org/articles/10.1051/ro/2016029/
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