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Inequalities with application in retail inventory analysis
Robert A. Agnew
Journal:

Journal of Applied Probability / Volume 12 / Issue 4 / December 1975

Published online by Cambridge University Press:

14 July 2016, pp. 852-858

Print publication:

December 1975
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Simple bounds on service level and turnover velocity are obtained for a periodic-review inventory system with a stationary order-up-to-level stocking policy and no backordering. Exact computational formulas are given for Poisson demand. An illustrative numerical example is presented, and the application of these bounds to retail inventory analysis is discussed.

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Inequalities with application in retail inventory analysis